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$ 449,000
Est. payment | /mo
1.61 Acres Lot
$ 449,000
Est. payment | /mo
1.61 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70534450
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 Multi-Family
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
Area Meridian Twp (33010)
Zoning Residential
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Basement, Slab
Structure Type Vinyl Siding
Schools
School District Haslett Public Schools
Others
Ownership Other/See Remarks
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by 616 Realty LLC