532 Spartan Avenue, East Lansing, MI 48823
- $390,000
- 5
- BD
- 2
- BA
- 1,140
- SqFt
- Sold Price
- $390,000
- List Price
- $400,000
- Closing Date
- Sep 20, 2024
- Status
- CLOSED
- MLS#
- 283509
- Bedrooms
- 5
- Full-baths
- 2
- Sq. Ft
- 1,140
- Acres
- 0.12
- Year Built
- 1949
- Subdivision
- Avondale
- Days on Market
- 0
Property Description
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.
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Additional Information
- Taxes
- $7,545
- Appliances
- Dryer, Washer, Refrigerator, Disposal, Oven, Range, Water Heater
- Exterior
- Vinyl Siding
- Basement
- Crawl Space
- Garage Description
- Driveway
- School District
- East Lansing
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Sewer
- Public Sewer
- Terms
- Cash, Conventional
Mortgage Calculator
Listing courtesy of Listing Agent: Morgan Meredith (morganmeredith@kw.com) from Listing Office: Keller Williams Realty Lansing.
Listing courtesy of Morgan Meredith from Keller Williams Realty Lansing
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