MI
Ingham
Lansing
48910
220 Smith Avenue
220 Smith Avenue, Lansing, MI 48910
Listing Type
Multi Family
Listing Status
active
32
$245,000

Home Details for 220 Smith Avenue

Price
$245,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
3027
Year built
1912
Lot size acres
0.21
County
Ingham
Garage
8
Basement
Full
Days on site
58
MLS Listing#
285480
Listing Courtesy: Five Star Real Estate - Lansing - 616-531-0028
Property Description

PHENOMENAL INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 4X's the Income - This one is not to miss! This sought-after 4-unit provides GREAT IMMEDIATE INCOME. Rents total approximately $3,705 per month currently with potential room for growth. Approximately 30K in updates in 2023 including windows, flooring, and roof. PHENOMENAL INVESTMENT OPPORTUNITY! All units are rented and all are ready to go! COL Certified, plus Section 8 Approved. All units have individual furnaces. Convienently located new highways, public transport, Downtown Lansing, and not far from MSU Campus & Sparrow. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice. Financials available upon request.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Parking
    • Driveway
    • Off Street
  • Cooling Information
    • None
  • Water Features
    • Public
  • Basement
    • Full
. Presented by: Amber Redman
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater Lansing Association of REALTORS®. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright ©2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Greater Lansing Association of Realtors.
EXIT REALTY HOME PARTNERS
1000 S. Washington Ave Suite 104, Lansing, MI 48910
Office
517 803 2345
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