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619 Stoddard Avenue East Lansing, MI 48823 3628
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Key Details
Sold Price $247,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,172 sqft
Price per Sqft $113
Subdivision Mi
MLS Listing ID 40177663
Sold Date 08/09/21
Style 2 Story
Full Baths 2
Half Baths 1
Year Built 1924
Annual Tax Amount $5,081
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 80.00X135.00
Property Description
621 is a 2-story unit that consists of 3 bedrooms & 1.5 bath with multiple entryways. 619 is a 1 bedroom unit with its own entry, kitchen, bathroom and driveway. Both units have access to a shared basement for washer and dryer access as well as plenty of storage space. Both units also connect from the inside so it can be used as a 4 bed, 2.5 bath house! Large yard and a 2 car garage, as well as plenty of driveway space for 6 additional cars. THIS PROPERTY HAS AN ACTIVE CLASS IV RENTAL LICENSE (unrelated 4) THAT IS TRANSFERABLE. The license is currently in the process of being renewed by the current owner. Currently between both units the property brings in $2225 ($650/$1575) a month in rent with leases expiring July 28, 2021. New leases with new tenants will begin August 8, 2021 till July 28, 2022. The new lease will bring in $2425 in total monthly rent ($775/$1650). Property still has room for rent increases in 2022-2023. Agent has ownership/interest in the property.
Location
State MI
County Ingham
Area East Lansing (33018)
Zoning Residential
Rooms
Basement Block, MI Basement
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Waterfront No
Building
Story 2 Story
Water Public Water
Structure Type Vinyl Siding
Schools
School District East Lansing School District
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with LPS