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642 Cornell Avenue Pending

East Lansing, MI 48823


239000 -100%

3 Beds

1 Bath

1031 SqFt


Key Details

Property Type Single Family Home

Lot Size 5,227 Sqft

Year Built 1941

Purchase Type For Sale

Listing Status Pending

MLS Listing ID 630000229184

Price per Sqft $231

Property Description

This is a rare opportunity to purchase one home or an entire rental business within walking distance to Michigan State University. Now is your chance to take advantage of this incredible deal to purchase any number of this six house package which includes 539, 544, 554, 625 and 642 Cornell Ave and 616 Charles Street. This particular home is rented until July 31, 2019 at a rent rate of $2050 and currently has a rental license in good standing for 4 unrelated persons. The overall CAP rate for the package is slightly higher than 8%. All properties are 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.


State MI

County Ingham

Subdivision Avondale


Kitchen Dryer,Refrigerator,Stove,Washing Machine

Full Baths 1


Sewage Type Sewer-Sanitary

Water Municipal Water

Hot Water Natural Gas

Heating Forced Air


Style Cape Cod

Foundation Crawl


School District East Lansing


Tax Amount $5,089

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Listing Provided By Robert Emerson Buffington of Berkshire Hathaway HomeServices Tomie Raines

Nearby School & Properties

Neighborhood Demographic

Downtown Realty Downtown Realty

Downtown Realty

Brokerage | License ID: 386963

(313) 466-7253


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642 Cornell Avenue

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