$149,000
Mason, MI 48854
MLS# 26054021
6 beds | 1 baths | 1200 sqft
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Property Description
INVESTOR / SCRATCH-AND-DENT OPPORTUNITY IN MASON — BUILT-IN EQUITY POTENTIAL! 153 Okemos St offers a great opportunity for investors, landlords, flippers, contractors, or an owner-occupant willing to put in some sweat equity. This 3-bedroom, 1-bath home offers approximately 1,200 square feet of living space on a generous 0.27-acre lot in the City of Mason. The numbers are where this property gets interesting. Estimated ARV: $220,000-$235,000 Estimated Market Rent: $1,600-$1,750/month Potential Annual Gross Rent: $19,200-$21,000 For a buyer getting into the property in the mid-$160,000s to low-$170,000s, that could represent approximately $50,000-$70,000 in potential equity once the property is updated and brought to its full retail potential. For the flipper, there is room to improve the property cosmetically and capitalize on Mason's stronger retail market. For the buy-and-hold investor, a projected $1,600-$1,750 monthly rent provides a solid rental opportunity in a market with l
Details
Location & Property Info
Cross Streets: N. Jefferson St., N Okemos
Property Sub-Type: Single Family Residence
Municipality: Ingham Twp
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 124.17
Ownership Type: Broker/Agent Owned
General Property Info
New Construction: No
Lot Dimensions: 0
Road Frontage: 0
Garage Y/N: No
Fireplace: No
Total Fireplaces: 0
Waterfront: No
Income Property: No
Basement: Yes
Total Rooms AG: 5
Total Fin SqFt All Levels: 1200
SqFt Above Grade: 1200
Below Grade Finished SqFt: 0
Below Grade Unfinished SqFt: 0
Building Total SqFt: 1200
Total Beds Above Grade: 3
Main Level Primary: Yes
Stories: 1
School District: Mason
Association YN: No
Lot Measurement: Acres
Lot Acres: 0.27
Lot Square Footage: 11761
Year Built: 1900
Total Bedrooms: 6
Full Baths: 1
Total Baths: 1
Tax Info
Taxable Value: 60137
SEV: 77320
For Tax Year: 2025
Seller's Annual Property Tax: 3238
Tax Year: 2025
Homestead %: 100
Spec Assessment & Type: none
Tax ID #: 33-19-10-04-351-041
Remarks & Misc
Public Remarks: INVESTOR / SCRATCH-AND-DENT OPPORTUNITY IN MASON — BUILT-IN EQUITY POTENTIAL! 153 Okemos St offers a great opportunity for investors, landlords, flippers, contractors, or an owner-occupant willing to put in some sweat equity. This 3-bedroom, 1-bath home offers approximately 1,200 square feet of living space on a generous 0.27-acre lot in the City of Mason. The numbers are where this property gets interesting. Estimated ARV: $220,000-$235,000 Estimated Market Rent: $1,600-$1,750/month Potential Annual Gross Rent: $19,200-$21,000 For a buyer getting into the property in the mid-$160,000s to low-$170,000s, that could represent approximately $50,000-$70,000 in potential equity once the property is updated and brought to its full retail potential. For the flipper, there is room to improve the property cosmetically and capitalize on Mason's stronger retail market. For the buy-and-hold investor, a projected $1,600-$1,750 monthly rent provides a solid rental opportunity in a market with l
Legal: LOT 10 EXC BEG AT SW COR OF LOT 10 - E 36.5 FT - N TO N LN OF LOT 10 - W TO W LN OF LOT 10 - S 73.9 FT TO P.O.B. ASSESSOR'S PLAT NO. 1, SEC 4, T2NR1W, CITY OF MASON
Sewer
None: 1
Public Sewer: 1
Water
Public: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Other: 1
Laundry Features
Other: 1
Exterior Material
Wood Siding: 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: 3
Main Full Baths: 1
Main Level SQFT: 1200
Lower Rooms
Lower Bedrooms: 3
Lower Finished SQFT: 816
Total Lower SQFT: 1200
Basement Rooms
Basement Finished SQFT: 816
Total Basement SQFT: 816
Substructure
Slab: 1
Architectural Style
Traditional: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Ingham
Street #: 153
Street Name: Okemos
Suffix: Road
State: MI
Zip Code: 48854
Zip (4): 1264
OfficeContract Info
Status: Active
List Price: $149,000
Current Price: $149,000
Listing Date: 2026-10-09
Property Features
Laundry Features: Other
Exterior Material: Wood Siding
Substructure: Slab
Sewer: Public Sewer; None
Water: Public
Heat Source: Natural Gas
Heat Type: Forced Air
Architectural Style: Traditional
Terms Available: Cash; Conventional; FHA; VA Loan; Other
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: eXp Realty, LLC
Listing Agent: Jason Mead
Last Updated: October - 09 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.