Address
533 Lexington Avenue East Lansing, MI
Price
$ 360,000
Property Attributes
  • ID#2210087869
  • TypeMulti-Family
  • CountyINGHAM
  • CityEast Lansing
  • AreaEast Lansing
  • Zip48823
  • StyleDuplex
  • Year Built1966
  • Taxes$ 8209
  • Price$ 360,000
  • Bedrooms1
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1960
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
GRI Homes For Today
Data Source:
RealComp - 83 - MI
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.

Price History
10/19/2021 Listed $360,000

General Features

Construction Materials Aluminum, Brick
Cumulative Days on Market 150
Gross Scheduled Income 39240.00
Heating Baseboard
Listing Agent Public Id 285892
Net Operating Income 29720.00
Ownership Status Private Owned, Short Sale - No
Property Type Multifamily
School District East Lansing
Sewer Sewer-Sanitary
Short Sale No
Status Active
Terms Offered Cash, Conventional
Total Sq Ft 1960
Transaction Type Sale
Year Built 1966
Zoning Multi-Family

Interior Features

Full Baths 2
Heating Fuel Electric
Total Baths 2.00
Total Units 6
Unit Count 6

Exterior Features

Architecture Level 2 Story
Architecture Style Duplex
Foundation Slab
Foundation Materials Poured
Frontage Feet 61
Lot Size Area 0.19
Lot Size Dimensions 61x135x61x135
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for 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.

Data is updated as of November 30, 2021 8:59 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48823

Price
AVG $340K
$360K
Taxes
AVG $5,222
$8,209
Visits
AVG 6
10
Year Built
AVG 1950
1966
Walkscore
AVG 44
43
Data Provided by Walkscore ® not using MLS data