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  • $235,500

    220 Smith Ave, Lansing, MI 48910

    7beds
    0baths
    --sqft
    MultiFamily
    Built in 1912
    -- sqft lot
    $235,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: April 26, 2025 at 06:05pm

    Listed by:

    Amber Redman 517-881-6658,

    Five Star Real Estate - Lansing

    Source: Greater Lansing AOR,MLS#: 285480MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Finished area above ground: 3,027

    Property

    Parking
    • Total spaces: 8
    • Parking features: Driveway, Off Street
    • Garage spaces: 8
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 9,147 sqft
    Details
    • Parcel number: 33010121380052

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Vinyl Siding
    Condition
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Lansing
    • Subdivision: Park Place

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more than others on Zillow

    Get a complimentary Zillow Showcase℠ listing and you could sell for .

    $235,700
    2% more+ $4,714
    With Showcase(estimated)
    $240,414