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By Car
Tools
Size
5
Bedrooms
2
Full Baths
1,140 Sq Ft.
interior
0.12 Acres
Exterior
Financial
$400,000
Change Currency
$351
Price Per Sqft
$7,545
Annual taxes
Listing Details
Single Family
Property type
1949
Year Built
13021215
Web Id
283509
MLS ID
26
Days Posted
Description
532 Spartan Avenue,
East Lansing,
MI
48823
East Lansing, MI 48823
Seize a rare investment opportunity in East Lansing with this meticulously maintained Class 4 home, ideally situated in the heart of MSU. This property is a proven income generator, yielding $38,000 annually with a monthly rent of $3,200. Tenants are responsible for all utilities except trash, making this a low-maintenance investment. Licensed for up to 5 unrelated tenants or a family, this home also boasts city-approved parking for 5 vehicles, enhancing its appeal to potential renters. Recent updates include a brand-new flat roof installed in August 2010, and a newly updated kitchen featuring modern appliances, including a washer/dryer and two refrigerators. The main floor is adorned with elegant hardwood and ceramic tile flooring. Additional improvements include new electrical, plumbing, and thermal windows installed in 2007, with the furnace being replaced in 2003. Each bedroom is wired for cable, ensuring convenience and connectivity for all occupants. This property represents a fabulous investment opportunity in a prime location. Don't miss out on this chance to own a piece of East Lansing's vibrant rental market! Property rented through August 2025.
This is an Pending listing.
Broker Office Phone Number: 517-853-1200
Copyright © 2024Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Pending listing.
Broker Office Phone Number: 517-853-1200
Copyright © 2024Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | price | variance | type |
---|---|---|---|
9/16/2024 | $400,000 | - | Contract |
9/13/2024 | $400,000 | - | Listed |
Listing By: Keller Williams Realty Lansing-East via Data Source: Greater Lansing Association of Realtors
listing agent: Morgan Meredith