$247,500
$259,900
4.8%For more information regarding the value of a property, please contact us for a free consultation.
619 Stoddard Avenue, East Lansing, MI 48823 East Lansing, MI 48823
0.25 Acres Lot
Key Details
Sold Price $247,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Avondale
MLS Listing ID 256444
Year Built 1924
Tax Year 2020
Lot Size 10,890 Sqft
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 Jul 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
Community Avondale
Rooms
Ensuite Laundry In Basement, In Unit
Interior
Laundry Location In Basement, In Unit
Heating Forced Air
Cooling None
Laundry In Basement, In Unit
Exterior
Garage Driveway, Garage, Detached
Building
Lot Description Back Yard
Foundation Block
Schools
School District East Lansing
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