new - 6 days on rocket

220 Smith Ave, Lansing, MI, 48910

$255,000

Home List Price

$3,028*

Closing Credit

0 Baths
Multi

Location

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220 Smith Ave, Lansing$255,000

Buyer Closing Credits

$3,028*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway, Off Street
Garage8 spaces
Year Built1912
HeatingForced Air, Natural Gas
CoolingNone
BasementYes
MLS #285480
Lot Size0.21 Acres
StatusActive

About 220 Smith Ave

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 Details

Property Features

Property Information:

  • Year Built: 1912

Listing Office:

  • Office Name: Five Star Real Estate - Lansing
  • Office Phone: (616) 531-0028
  • Listing Agent: Amber Redman

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 8 spaces
  • Attached Garage: No
  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: West on Smith, Near Smith & Todd

Price Information

Listing Price Info

Price Summary:

  • List Price: $255,000
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Housing Market Comparison

See how this home compares to others in Lansing, MI.

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Lansing, MI

City

Med. Sold Price

$155K

Med. Price/SqFt

$119

Avg. Days On Market

31

# of Sold Homes

135

220 Smith Ave vs Lansing

6 DAYS ON ROCKET

-25 Days

$255,000

+$100K More

KEY TAKEAWAY

This property is $100K more than the Median Sold Price in Lansing, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Lansing Association of REALTORS®
  • MLS Number: #285480

Listing Office:

  • Office Name: Five Star Real Estate - Lansing
  • Office Phone: (616) 531-0028
  • Listing Agent: Amber Redman

IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/2/2025, 6:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,340

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$831

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-73773
2
/10

  • Lyons School

  • 2901 Lyons Ave

  • 1.04 miles

  • Public District Grades PK-3

school-card-donut-73774
2
/10

  • Cole Academy

  • 1915 W Mount Hope Ave

  • 1.22 miles

  • Public Charter Grades KG-6

school-card-donut-73775
5
/10

  • Cavanaugh School

  • 300 W Cavanaugh Rd

  • 1.71 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,836. The majority of Lansing, MI residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Ingham County›Lansing›48910›220 Smith Ave

This home is located at 220 Smith Ave in Lansing, MI and zip code 48910 in the Southside neighborhood. This home, which was built in 1912, sits on a 0.21 acre lot. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $255,000.

Lansing, MI housing market in December 2024 saw over 42 listings sold above listed price, more than 28 sold at listed price and over 65 sold below. Between November 2024 and December 2024, Lansing, MI real estate market has seen decrease in the number of listings by 9.4%. In December 2024 median list price was $155,000 and the average listing age was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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