new - 4 days on rocket

405 E Hodge Ave, Lansing, MI, 48910

$149,900

Home List Price

$1,780*

Closing Credit

0 Baths
Multi

Location

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405 E Hodge Ave, Lansing$149,900

Buyer Closing Credits

$1,780*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway
Garage1 space
Year Built1920
HeatingElectric, Forced Air, Varies By Unit
CoolingNone
BasementYes
MLS #284617
Lot Size0.16 Acres
StatusActive

About 405 E Hodge Ave

ATTENTION INVESTORS: Whether you are a traditional investor or house hacker, this duplex is perfect for you! With a vacant and completely remodeled lower unit, you can set the rents as you please or move right in yourself. This lower unit is complete with two bedrooms and updates that are sure to impress; with stainless steel appliances, a new countertop in the kitchen with freshly painted cabinets, vinyl and refinished hardwood floors throughout, and a tiled shower surround in the bathroom, this unit has a market rent of $1,150. This unit has spacious living areas and is complete with access to the laundry hookups and storage space that the basement provides. The upper unit has a private entrance on the west side of the duplex and offers the upper tenant their own floor to occupy. This 1 bedroom, 1 bathroom unit has a current rental rate of $750/month, with a market rent potential of $850/month. This property also has plenty of tangible features beyond the rental numbers that will ensure sustainable success moving forward. With a 1 car garage that offers tenants on-site covered parking, multiple driveway parking spaces, and a bus stop less than a block away, transportation options provide a rental perk that satisfies most all potential tenants. Beyond the garage lies an enormous, privately fenced in back yard that provides another perk to any tenant that enjoys the outdoors. This duplex also holds the value-add potential that you are looking for. Each unit currently has separate meters for electrical and is tenant paid. The upper unit features baseboard heat and the forced air furnace heats the lower unit. Water supply lines and drains were replaced in 2023. This leaves the property ripe for value-add potential by splitting the water and HVAC. In the meantime, this property is sure to impress both traditional investors and house hackers alike. This property will not last on the market long. Submit your offer today before it's too late!

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: Trubrook, LLC
  • Office Phone: (517) 507-9993
  • Listing Agent: Jamie Fox

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Private Entrance

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Varies By Unit
  • Cooling: None

Other

Directions Information:

  • Directions: Cedar Street to Hodge, Duplex on Right

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,900

Tax Information:

  • Annual Amount: $2,439
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$150.5K

Med. Price/SqFt

$118

Avg. Days On Market

25

# of Sold Homes

138

405 E Hodge Ave vs Lansing

4 DAYS ON ROCKET

-21 Days

$149,900

-$650 Less

KEY TAKEAWAY

This property is $650 less 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: #284617

Listing Office:

  • Office Name: Trubrook, LLC
  • Office Phone: (517) 507-9993
  • Listing Agent: Jamie Fox

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 © 2024 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: 11/4/2024, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 23, 2019Home Sold
$29,500

Tax History

YEARPROP. TAXASSESSMENT
2021$2,439$32,200
2020$2,138$30,000
2019$2,017$28,000
2018$1,921$27,900
2017$1,921$27,300

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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-1734366
2
/10
  • Lyons School

  • 2901 Lyons Ave

  • 0.39 miles

  • Public District Grades PK-3

school-card-donut-1734367
5
/10
  • Cavanaugh School

  • 300 W Cavanaugh Rd

  • 0.88 miles

  • Public District Grades PK-3

school-card-donut-1734368
4
/10
  • Kendon School

  • 827 Kendon Dr

  • 1.09 miles

  • Public District Grades PK-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,250. Typical income of Lansing, MI residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesMichiganIngham CountyLansing48910405 E Hodge Ave

This home is located at 405 E Hodge Ave in Lansing, MI and zip code 48910 in the Old Everett neighborhood. This home, which was built in 1920, sits on a 0.16 acre lot. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $149,900.

While more than 54 listings in Lansing, MI in October 2024 were sold above asking price, there were more than 25 listings sold at asking price, and more than 59 were sold below. The inventory of homes for sale in Lansing, MI between September 2024 and October 2024 increased by 5.9%. The median list price of listings available in October 2024 was $150,550, while the average time on the real estate market was 25 days.

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

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