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East Lansing, MI, 48823 • Avondale Square • Ingham County
$274/sqft
5Beds
3Baths
1,467Sqft
0.25 acLot
1961Built
Hardwood Floors
Quality flooring throughout
Demand and pricing signals for this listing
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People checking out this listing
2769 days on market
Established listing
$274/sqft
Price per square foot
Single Family · Built 1961
This is a rare opportunity to purchase a home within walking distance to Michigan State University that is has a transferable rental license in good standing. This particular home is rented until July 31, 2020 at a rent rate of $3400 and currently has a rental license in good standing for 5 unrelated persons. The overall CAP rate for the package is slightly higher than 9%. Property is within walking distance to campus and downtown East Lansing. These houses have had 100% occupancy since 2011, have been professionally managed, and have received lots of upgrades to roofs, bathrooms and furnaces.
Standout features identified
Our analysis highlights backyard and updated bathroom as key attractions of this home.
Based on current rates
Est. 6.28% rate · 30yr fixed · $321,760 loan
Full calculator →Key facts and listing details
7 categories of property features
3 rooms detailed
Dining Room
Family Room
Laundry Room
Market data and value estimates
3 schools rated nearby
East Lansing, MI, 48823
10 events
25 years of records
Local context around this listing
East Lansing, MI • Ingham County
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