MI > Ingham > Lansing > 405 E Hodge Avenue

$124,900

Reduced ($5,000) on 02/12/2024

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  • 1,077 SqFt
  • MLS# 277428
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Real Estate One - Holt

4525 Willoughby Rd.
Holt, MI 48842
Office: 517-694-1121

Customer Care: 248-304-6700

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
ATTENTION INVESTORS: 405 E Hodge is a duplex with proven rental history. With private front and rear entrances, the massive lower unit occupies the entire first floor. With a current rental rate of $800/month, this 2 bedroom, 1 bathroom unit has a market rent potential of $925/month. 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. Please contact agent for current walkthrough videos of each unit and the exterior. 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 holds the value-add potential that you are looking for. Before considering revamping each unit to maximize rent, consider splitting the utilities. 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. Separating the water meters and the HVAC work required to add a water heater for the upper unit will allow the buyer of this one to focus on rental income only with two cash-flowing units without expenses due to water, gas, or electric. Simple value add opportunities provided by lower rental values and un-split water & gas ensure this property will not last on the market long. Submit your offer today before it's too late.

Property Information

Status
Active 
Address
405 E Hodge Avenue 
City
Lansing 
Zip
48910 
Year Built
1920 
Possession
TEN 
Architecture
One and One Half 
Subdivision
None 
County
Ingham 
Above Grade SqFt
1,077 
Total No of Units

School Information

School District
Lansing 

Taxes

Taxes
$2,514 

Rooms and Land

Unit1
Bedrooms: 1.0 Bathrooms: 2 Finished SqFt: 927
Unit2
Bedrooms: 1.0 Bathrooms: 1 Finished SqFt: 392
Lot Dimensions
33x205.25 
Total Acres
0.16 

Features

Exterior Features
Private Entrance 
Garage
1.0 
Basement
Block 
Cooling
None 
Heating
Electric, Forced Air, Varies by Unit 

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
277428 Feb 12 2024 10:25AM $124,900 $129,900 82
277428 Jan 21 2024 7:25PM $129,900 $134,490 82
277428 Active Withdrawn Jan 2 2024 3:55PM 82
277428 Withdrawn Active Dec 30 2023 11:55AM 82
277428 Dec 11 2023 11:57AM $134,490 $134,900 82
277428 Active Nov 20 2023 4:25PM $134,900 82
271317 Active Not Found in MLS Apr 17 2023 2:25PM $119,900 $124,900 0
271317 Mar 16 2023 8:25AM $124,900 $127,500 0
271317 Feb 28 2023 7:55PM $127,500 $129,900 0
271317 Feb 21 2023 5:35PM $129,900 $134,900 0
271317 Active Feb 16 2023 6:25PM $134,900 0
266835 Sold Contingency Aug 31 2022 2:39AM $89,900 0
266835 Contingency Active Aug 5 2022 7:35PM 0
266835 Active Contingency Jul 28 2022 1:25PM 0
266835 Contingency Active Jul 21 2022 9:55PM 0
266835 Active Jul 13 2022 10:35PM $89,900 0
234445 Sold Pending Jul 17 2019 12:55PM $29,500 59
234445 Pending Contingency May 29 2019 9:25AM 59
234445 Contingency Active May 9 2019 11:40AM 59
234445 May 2 2019 10:55AM $35,000 $44,900 59
234445 Apr 25 2019 11:06AM $44,900 $49,900 59
234445 Active Mar 13 2019 2:25PM $49,900 59
231259 Canceled Active Dec 18 2018 11:06AM 69
231259 Active Oct 12 2018 12:08PM $49,900 69
School Information
Local Business

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Customer Care
Real Estate One - Holt

4525 Willoughby Rd.
Holt, MI 48842
Office: 517-694-1121

Customer Care: 248-304-6700

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MILANSING Logo

Listing Courtesy of Trubrook, Llc
Jamie Fox
Office Address 3724 W St. Joseph St

405 E Hodge Avenue Lansing
Contact us
$124,900
For Sale • No. of Units: