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544 Cornell Avenue Pending

East Lansing, MI 48823

0

119000 -100%

2 Beds

1 Bath

768 SqFt


UPDATED

Key Details

Property Type Single Family Home

Lot Size 5,227 Sqft

Year Built 1953

Purchase Type For Sale

Listing Status Pending

MLS Listing ID 630000229185

Price per Sqft $154

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 $1300 and currently has a rental license in good standing for 2 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.

Location

State MI

County Ingham

Subdivision Avondale

Rooms

Kitchen Dryer,Refrigerator,Stove,Washing Machine

Full Baths 1

Interior

Sewage Type Sewer-Sanitary

Water Municipal Water

Hot Water Natural Gas

Heating Forced Air

Building

Style Ranch

Foundation Basement

Schools

School District East Lansing

Others

Tax Amount $3,457

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

Nearby School & Properties

Neighborhood Demographic

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Downtown Realty

Brokerage | License ID: 386963

(313) 466-7253

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544 Cornell Avenue

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