1624 Melrose
East Lansing, MI 48823
MLS #223879

Multi-Family
  • 2units
  • 0.21acres
  • 908sq ft
Pending Sale $147,500
Est. P&I payment: $563.35/mo
1624 Melrose, East Lansing, MI 48823
  • 1624 Melrose, East Lansing, MI 48823 Photo 1
  • 1624 Melrose, East Lansing, MI 48823 Photo 2
  • 1624 Melrose, East Lansing, MI 48823 Photo 3
  • 1624 Melrose, East Lansing, MI 48823 Photo 4
  • 1624 Melrose, East Lansing, MI 48823 Photo 5
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  • 1624 Melrose, East Lansing, MI 48823 Photo 8
  • 1624 Melrose, East Lansing, MI 48823 Photo 9
  • 1624 Melrose, East Lansing, MI 48823 Photo 10
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Description for 1624 Melrose, East Lansing, MI 48823
Licensed for 4 unrelated, this East Lansing home could help pay for someones school or you could enjoy the income potential. With vinyl windows, new roof in 2008 and a new sewer line this home is going to give you carefree rent for many years. Currently the renters take care of all utilities along with snow removal, you just need to mow the lawn and trim the bushes. There is parking for 4 so there is room for everyone to park in case there are 4 unrelated people living in the home that all have cars. Currently leased thru mid August of this year.Near the CATA lines that run to MSU, or walk, ride a bike to campus this home offers a lot of options. It could also be a single family home if someone desires to live in an East Lansing neighborhood, the home could be turned over to residential.
MLS #223879
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My Notes for MLS #223879

General Features

  • Property Type: E
  • Status: Pending
  • List Price: 147,500
  • Year Built: 1952
  • Zoning: Multi-Family
  • Subdivision: Grandview
  • Township/Tax Authority: East Lansing City
  • # of Units: 2
  • Land & Acreage: Up to 1/4 Acre
  • Roof: Shingle
  • Basement: Full,​Partially Finished
  • Extras: Smoke Alarm
  • Garage: No Garage
  • SqFt - Above Appx: 908

Miscellaneous Features

  • Building 1 Description: Bungalow
  • Misc Business Info: Parking Surface: Concrete
  • Misc Business Info: Roof Type: Shingle
  • Misc Business Info: # Parking: 4
  • Misc Business Info: Zoning: Multi-Family

Income Features

  • Annual Inc & Expense: Gross Rent: 17,160
  • Annual Inc & Expense: Tax Expense: 3,574
  • Annual Inc & Expense: Maintenance: 1,500
  • Annual Inc & Expense: Insurance: 900
  • Annual Inc & Expense: Net Income: 11,186

Units Features

  • Unit 1: Unit: Occupied
  • Unit 1: Rooms: 6
  • Unit 1: Baths: 1
  • Unit 1: Bedrooms: 3
  • Unit 1: Monthly Income: 1,430
  • Unit 1: Finished SqFt: 908
  • Unit 1 Appliances: Dryers: 1
  • Unit 1 Appliances: Disposal: 1
  • Unit 1 Appliances: Refrigerators: 1
  • Unit 1 Appliances: Dishwashers: 1
  • Unit 1 Appliances: Microwaves: 1
  • Unit 1 Appliances: Ovens: 1
  • Unit 1 Appliances: Ranges: 1
  • Unit 1 Appliances: Washers: 1
  • Unit Information: Registered/Licenses: 4

Exterior Features

  • Driveway: Concrete
  • Exterior: Aluminum Siding
  • Lot Dimensions: 50X184
  • Lot Acres: 0.21

Financial Features

  • Taxes: 3,574
  • Tax Year: 2017
  • Taxable Value: 45,080

School Features

  • School District: East Lansing

Utility Features

  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas Natural
  • Heating: Forced Air - Gas

Location

 
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Directions to 1624 Melrose, East Lansing, MI 48823
BURCHAM/HAGADORN S ON HAGADORN TO MELROSE E
The listing information for 1624 Melrose, East Lansing, MI 48823 was graciously provided by our friends at the listing brokerage, Berkshire Hathaway HomeServices Tomie Raines

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Last Updated 04/21/2018 at 11:50pm
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