532 Spartan
East Lansing, MI 48823
Pending
Seize a rare investment opportunity in East Lansing with this meticulously maintained Class 4 home, ideally situated in the heart of MSU. This property is a proven income generator, yielding $38,000 annually with a monthly rent of $3,200. Tenants are responsible for all utilities except trash, making this a low-maintenance investment.Licensed for up to 5 unrelated tenants or a family, this home also boasts city-approved parking for 5 vehicles, enhancing its appeal to potential renters. Recent updates include a brand-new flat roof installed in August 2010, and a newly updated kitchen featuring modern appliances, including a washer/dryer and two refrigerators. The main floor is adorned with elegant hardwood and ceramic tile flooring. Additional improvements include new electrical, plumbing, and thermal windows installed in 2007, with the furnace being replaced in 2003. Each bedroom is wired for cable, ensuring convenience and connectivity for all occupants.This property represents a fabulous investment opportunity in a prime location. Don't miss out on this chance to own a piece of East Lansing's vibrant rental market! Property rented through August 2025.
Supplemental Details More
Key Features of 532 Spartan, East Lansing, MI 48823
Property Type
Single Family Residence
Year Built
1949
Heating
Forced Air, Natural Gas
MLS Number
283509
Time on Market
5 Days
Appliances
Disposal, Dryer, Oven, Range, Refrigerator, Washer, Water HeaterBuilding Features More
Room Dimensions More
Property Features More
Schools More
School District: East Lansing
Price and Status History More
Date | List Price | Status |
---|---|---|
09/18/24 | $400,000 | For Sale |
09/13/24 | $400,000 |
Map of 532 Spartan East Lansing, MI 48823
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Copyright Greater Lansing Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
Listing provided by Morgan Meredith, Keller Williams Realty Lansing-East, 3490 Belle Chase Way, Lansing, MI 48911