Investor's Dream! This impressive real estate opportunity at 510 Park Grand Ledge, MI 48837 boasts a versatile 3-unit property with excellent income potential. Each unit is separately metered for gas and electricity, ensuring tenants take care of their own utilities. Recent upgrades include a new roof and windows, offering worry-free ownership. Hardwood flooring adds a touch of elegance to the units. The convenience of 2 storage units enhances tenant satisfaction. With the sellers covering trash and water expenses, the gross rent of $2,750 provides a steady stream of income. All units are fully leased, making this a turnkey investment you won't want to miss. Seize this chance to expand your real estate portfolio today!
Sold for $342,500
$342,500
510 Park St, Grand Ledge, MI 48837
4beds
2baths
--sqft
MultiFamily
Built in 1960
-- sqft lot
$380,800 Zestimate®
$--/sqft
$1,351 Estimated rent
Home value
$380,800
$358,000 - $404,000
$1,351/mo
Zestimate® history
Owner options
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$1,351/mo
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$1,351/mo
Rent Zestimate®
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$2,249/mo
Est. payment
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$2,249/mo
Est. payment
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Hardwood flooringNew roof
Zillow last checked:
Listing updated:
Listed by:
Morgan Meredith 517-505-1422,
Keller Williams Realty Lansing
Bought with:
Non Member
Source: Greater Lansing AOR,MLS#: 275440
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Electric, Forced Air
Cooling
- Central Air, Wall Unit(s)
Appliances
- Included: Gas Water Heater
- Laundry: In Basement, In Unit
Features
- Windows: Triple Pane Windows
- Basement: Full
- Has fireplace: No
Interior area
- Finished area above ground: 3,744
Property
Parking
- Total spaces: 6
- Parking features: Attached, Driveway, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch
- Exterior features: Rain Gutters, Storage
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
- Features: Back Yard, Front Yard
Details
- Parcel number: 2340006165805000
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
Materials
- Aluminum Siding
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Lampsons
Location
- Region: Grand Ledge
Financial & listing details
- Tax assessed value: $99,000
- Annual tax amount: $5,779
- Date on market: 8/21/2023
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/26/2023 | Sold | $342,500-2.1% |
Source:  Greater Lansing AOR #275440 Report a problem | ||
| 11/9/2023 | Contingent | $350,000 |
Source: Greater Lansing AOR #275440 Report a problem | ||
| 8/21/2023 | Listed for sale | $350,000+28.7% |
Source: Greater Lansing AOR #275440 Report a problem | ||
| 4/4/2022 | Sold | $272,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,779 | $128,500 +7.3% |
| 2024 | -- | $119,800 +22.1% |
| 2021 | $9,429 +111.2% | $98,100 +5% |
| 2020 | $4,465 | $93,400 -47.2% |
| 2019 | $4,465 | $176,928 +106.2% |
| 2018 | -- | $85,800 |
| 2017 | -- | $85,800 +2.1% |
| 2016 | -- | $84,000 +1.9% |
| 2015 | -- | $82,400 +2.7% |
| 2014 | -- | $80,200 +0.5% |
| 2013 | -- | $79,800 -5.9% |
| 2011 | -- | $84,800 -0.8% |
| 2010 | -- | $85,500 -4.9% |
| 2009 | -- | $89,930 -6.1% |
| 2008 | -- | $95,740 -1.7% |
| 2007 | -- | $97,370 +6.6% |
| 2006 | -- | $91,380 +6.3% |
| 2005 | -- | $85,970 +2.2% |
| 2004 | -- | $84,150 -5.2% |
| 2002 | -- | $88,810 +10.2% |
| 2001 | -- | $80,600 |
Find assessor info on the county website
Neighborhood: 48837
Nearby homes
- $350,400-- bd4 ba3k sqft223 Lamson St, Grand Ledge, MI 48837Off Market
- $195,0002 bd1 ba834 sqft520 Park St, Grand Ledge, MI 48837Off Market
- $132,8003 bd1 ba1k sqft216 E Lincoln St, Grand Ledge, MI 48837Off Market
- $219,4003 bd1 ba1k sqft221 Lamson St, Grand Ledge, MI 48837Off Market
- $267,5003 bd1 ba1.9k sqft224 E Lincoln St, Grand Ledge, MI 48837Off Market
- $213,7003 bd2 ba1.1k sqft515 Taylor St, Grand Ledge, MI 48837Off Market
- $188,3003 bd1 ba1k sqft521 Taylor St, Grand Ledge, MI 48837Off Market
- $184,9002 bd2 ba960 sqft219 Lamson St, Grand Ledge, MI 48837Sold
Nearby schools
GreatSchools rating
- 5/10Kenneth T. Beagle Elementary SchoolGrades: K-4Distance: 0.4 mi
- 9/10Leon W. Hayes Middle SchoolGrades: 7-8Distance: 0.6 mi
- 7/10Grand Ledge High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- High: Grand Ledge
Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$380,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$380,800
- Michigan
- Eaton County
- Grand Ledge
- 48837
- 510 Park St
Nearby cities
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Other Grand Ledge Topics
