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533 Lexington Avenue

East Lansing, MI 48823
  • $360,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: 2210087869
$360,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,960
    SQFT
  • $184
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:
Area:
Zoning:
Multi-Family
Lot Size Dimensions:
61X135x61x135

School Ratings & Info

School District:

Description

This East Lansing multi-family, less than 1 mile from Michigan State University, is available for sale! The property has 6 bedrooms rented annually on one lease for the entire property with tenants paying all utilities. Each floor ("unit") has 3 licenses allowing for one unrelated individual to rent. The first floor is comprised of 3 bedrooms, 1 full bath, laundry room and kitchen. The second floor is comprised of 3 bedrooms, 1 full bath, living room and kitchen. This is a great, income-producing opportunity! All units are fully rented for the 2021-2022 and 2022-2023 school years.

Monthly Payment Calculator



© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-11-27T23:55:45.497.
www.alanbrowngroup.com/homes/122562633
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533 Lexington Avenue East Lansing, MI 48823

  • Price: $360,000
  • Status: Active
  • On Site: 39 Days
  • ID#: 2210087869
0
Beds
2
Baths
0
½ Baths
0.19
Acres
1,960
SQFT
$184
$/SQFT
1966
Built
Neighborhood:
East Lansing
County:
Ingham
Area:
East Lansing
School District:
EAST LANSING
Property Description
This East Lansing multi-family, less than 1 mile from Michigan State University, is available for sale! The property has 6 bedrooms rented annually on one lease for the entire property with tenants paying all utilities. Each floor ("unit") has 3 licenses allowing for one unrelated individual to rent. The first floor is comprised of 3 bedrooms, 1 full bath, laundry room and kitchen. The second floor is comprised of 3 bedrooms, 1 full bath, living room and kitchen. This is a great, income-producing opportunity! All units are fully rented for the 2021-2022 and 2022-2023 school years.
Exterior Features

Architecture Level 2 Story Architecture Style Duplex Construction Materials AluminumBrick Foundation Details Slab Foundation Materials Poured Lot Size Dimensions 61X135x61x135 Pool YN No Road Frontage Feet 61 Road Frontage Type Paved Waterfront YN No

Interior Features

Basement YN No Baths Total 2.00 Heating Baseboard Heating Fuel Electric Living Area Source Owner Room Count 0 Sq Ft Combined 1960 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

Property Features

Down Payment Resource YN No Encroachment YN No Existing Lease YN Yes Gross Scheduled Income 39240.00 Income Projection Actual Land Contract YN No Listing Financing CashConventional Monthly Rental Income 3270 Net Operating Income 29720.00 Number Of Units Leased 6 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Pets Allowed No Postal City East Lansing Protection Period 365 Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 7231.0000 Tax Amount Winter 978.0000 Title Private - Owned Total Tax 8209.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 533 Lexington Ave Water Source Municipal Water Zoning Multi-Family

IDX provided courtesy of Realcomp II Ltd., via Gri Homes For Today and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-11-27T23:55:45.497.
 
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Alan Brown Group
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