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$449,000
Est. payment /mo
1.61 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality Meridian Twp
MLS Listing ID 26024752
Year Built 1940
Annual Tax Amount $14,300
Tax Year 2025
Lot Size 1.610 Acres
Acres 1.61
Lot Dimensions 1.61
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes with leases expiring in August, giving flexibility for an owner-occupant or investor alike. Live in one home and rent out the other to help offset your mortgage while still benefiting from future development potential. Situated on a 1.61-acre parcel in the desirable Haslett School District with an impressive 555.24 feet of frontage on E M-78, this income-producing property offers strong cash flow today with major upside tomorrow. The seller has already received township approval for an additional structure with up to 5 more units, creating exceptional expansion and rental income potential. One home was custom built in 2022 while the second has been extensively updated, making this a rare opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showing
Location
State MI
County Ingham
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Central Air
Laundry In Basement
Exterior
Utilities Available Electricity Connected
View Y/N No
Total Parking Spaces 4
Building
Sewer Public Sewer
Water Well
Structure Type Vinyl Siding
New Construction No
Schools
School District Haslett
Others
Tax ID 33-02-02-03-101-001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by 616 Realty LLC
NEARBY SCHOOL & BUSINESS
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