640 S Magnolia Avenue, Lansing, MI 48912
$50,000
Property Type:
Residential
Bedrooms:
2
Baths:
1
Square Footage:
650
Lot Size (sq. ft.):
4,356
Status:
Sold
Current Price:
$70,000
List Date:
12/29/2025
Last Modified:
3/11/2026
Description
Investor opportunity in a strong Lansing rental area! This property is being sold AS-IS and offers solid upside for investors looking for a value-add or buy-and-hold opportunity. Functional layout with good square footage, full basement for storage or future improvement, and a lot size that supports long-term rental demand. Located near downtown Lansing, Michigan State University, Sparrow Hospital, shopping, public transportation, and major roadways—an area known for consistent tenant demand. Ideal for BRRRR, renovation, or long-term rental portfolio addition. Cash or renovation financing preferred. Bring your vision and unlock the potential.
More Information MLS# 25062779
Location & Property Info
Cross Streets: S Clemens & E Kalamazoo
Property Sub-Type: Single Family Residence
Area: Ingham County - 20
Municipality: Lansing City
Subdivision: Lansing Add Companys
Office/Contract Info
On-Market Date: 2025-12-29
Auction or For Sale: For Sale
List Price/SqFt: 107.69
Ownership Type: Private Owned
General Property Info
New Construction: No
Lot Dimensions: 132' x 32'
Road Frontage: 32
Garage Y/N: No
Waterfront: No
Income Property: No
Basement: Yes
Total Rooms AG: 6
Total Fin SqFt All Levels: 650
SqFt Above Grade: 650
Below Grade Finished SqFt: 0
Below Grade Unfinished SqFt: 650
Building Total SqFt: 650
Total Beds Above Grade: 2
Main Level Primary: Yes
Stories: 1
School District: Lansing
Association YN: No
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4356
Year Built: 1911
Total Bedrooms: 2
Full Baths: 1
Total Baths: 1
Tax Info
Taxable Value: 22192
SEV: 29000
For Tax Year: 2025
Seller's Annual Property Tax: 1912
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: None Known
Zoning: B RESID
Tax ID #: 33-01-01-14-358-341
Remarks & Misc
Public Remarks: Investor opportunity in a strong Lansing rental area! This property is being sold AS-IS and offers solid upside for investors looking for a value-add or buy-and-hold opportunity. Functional layout with good square footage, full basement for storage or future improvement, and a lot size that supports long-term rental demand. Located near downtown Lansing, Michigan State University, Sparrow Hospital, shopping, public transportation, and major roadways—an area known for consistent tenant demand. Ideal for BRRRR, renovation, or long-term rental portfolio addition. Cash or renovation financing preferred. Bring your vision and unlock the potential.
Legal: LOT 59 LANSING ADDITION COMPANYS SUB REC L 5 P 20
Status Change Info
Sold Price/SqFt: 76.92
Under Contract Date: 2026-01-15
Sold Date: 2026-02-19
Sold Price: $50,000
Lot Description
Level: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Sewer
Public Sewer: 1
Water
Public: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Basement: 1
Exterior Material
Aluminum Siding: 1
Vinyl Siding: 1
Roofing
Asphalt: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Upper Rooms
Total Baths Above Grade: 1
Main Rooms
Main Bedrooms: 2
Main Full Baths: 1
Main Level SQFT: 650
Lower Rooms
Lower Finished SQFT: 0
Total Lower SQFT: 0
Basement Rooms
Basement Finished SQFT: 0
Total Basement SQFT: 490
Substructure
Crawl Space: 1
Michigan Basement: 1
Architectural Style
Bungalow: 1
Ranch: 1
Traditional: 1
Location Property Info
County: Ingham
Street #: 640
Street Direction: S
Street Name: Magnolia
Suffix: Avenue
State: MI
Zip Code: 48912
Zip (4): 2934
OfficeContract Info
Status: Sold
List Price: $70,000
Current Price: $50,000
Listing Date: 2025-12-27
Property Features
Laundry Features: In Basement
Exterior Material: Aluminum Siding; Vinyl Siding
Roofing: Asphalt
Substructure: Crawl Space; Michigan Basement
Lot Description: Level
Sewer: Public Sewer
Water: Public
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Architectural Style: Bungalow; Ranch; Traditional
Terms Available: Cash; Conventional
Sale Conditions: None
Listing Office:
Five Star Real Estate
Listing Agent:
Cedric W Wicks
Last Updated: March - 11 - 2026
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