$115,000
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1021 Hickory ST Originalcity, MI 48912
1,223 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 1,223 sqft
Price per Sqft $98
MLS Listing ID 81026036873
Sold Date 09/03/26
Year Built 1908
Lot Size 0.740 Acres
Acres 0.74
Property Sub-Type MultiFamily
Property Description
This is an upstairs/downstairs duplex. Since the likely buyer is a landlord, we'll skip the fluff and cut straight to the things a landlord would want to know. This property was bought by three friends as an investment, and it's made a fine investment. But tracking expenses and doing taxes on a property owned by three unrelated individuals has proved a hassle, and all three of us are ready to cash out and do something different. Both units turned over around the same time, and the property is due for its city inspection, so it's a good time to get out. Since purchasing this property in 2019 we have pulled two mechanical permits & two plumbing permits, and just before we bought it the previous owners pulled a roofing permit and an electrical permit. All 6 permits were inspected and passed. This house has passed two rental safety inspections since we've owned it, and been deemed completely up to code. It is now due for reinspection in 2026, but we don't want to deal with that hassle when we can just sell it. Other major things we have done to add value: the sewer line was collapsed when we bought it, we excavated and fixed that, and installed an outdoors cleanout to make future sewer cleanings easier. The basement had been wet and the galvanized steel gas lines were rusty and corroded, so we had them all replaced and also added a new gas line to the laundry since most commercial coin operated dryers use gas. We mitigated the wet basement by installing proper downspouts that go into drainage tile underground and flow into a rain garden in the front yard, then out to the street. If you don't want to deal with the occasional weeding of the rain gardens (they're mostly filled with native wildflowers but need weeding once a year) you can daylight the tile and fill the rain gardens in. Your call. When we bought the property, none of the utilities were split, so the landlord paid all the utilities. We have since had the water split into two separate meters, so tenants now pay for their own water and sewer. We were goin
Location
State MI
County Ingham
Area Area11012Lansing
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Fireplace No
Laundry CommonArea, GasDryerHookup, InBasement, WasherHookup
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Lansing
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with EXP Realty, LLC
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Broker License ID: 8746335

