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Rob Young

ryoung@grandrapidshomes.com +1(616) 293-9119

$449,000

Est. payment - /mo

1.61 Acres Lot

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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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Rob Young

+1(616) 293-9119

Broker Associate | License ID: 6506039987

Broker Associate License ID: 6506039987

1954-1964 E Saginaw Street East Lansing, MI 48823

Rob Young

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

REQUEST INFORMATION or SCHEDULE SHOWING