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40 photos
Additional details
$449,000
Est. payment /mo
1.61 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65026024752
Year Built 1940
Lot Size 1.610 Acres
Acres 1.61
Property Sub-Type MultiFamily
Property Description
Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes on a 1.61-acre parcel in the desirable Haslett School District. This income-producing property offers strong cash flow today with major upside tomorrow, the seller has already received township approval for an additional structure with up to 5 more units, creating exceptional future development and rental income potential. One home was custom built in 2022 while the second home has been extensively updated, making this a unique opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showings.
Location
State MI
County Ingham
Area Area11021Meridianchartertwp
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Laundry InBasement
Exterior
Utilities Available ElectricityConnected, SewerConnected
View Y/N No
Building
Sewer Public Sewer, Sewer At Street
Water Well
New Construction No
Schools
School District Haslett
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Jer-Waun Kirkland of 616 Realty LLC
Nearby School & Business
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Jennifer Allen
Broker Associate | License ID: 6502419769
Broker Associate License ID: 6502419769