$709,275
$730,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
1250 Lilac Avenue, East Lansing, MI 48823 East Lansing, MI 48823
6,969 Sqft Lot
Key Details
Sold Price $709,275
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lilac Lawn
MLS Listing ID 263379
Year Built 1974
Tax Year 2021
Lot Size 6,969 Sqft
Property Description
3 Homes all have Class IV rental license with E Lansing allowing up to 5 unrelated individuals to occupy each residence. $96,000 combined gross income for current 2021/22 12 payment term leases. Two of the properties are leased through 2023. Current per person monthly rental rates from $525-595. Residents pay all utilities. 1250 Lilac Ave and 805 Hicks are 5 bedrooms, 2 full baths, 1244 Lilac is a 4-bedroom, 2 full bath rental home. Each property offers ample parking, kitchen appliances including a dishwasher & microwave, washer & dryer, large deck. Package price of $730,000 - 1250 Lilac Ave $260,000; 1244 Lilac Ave $220,000; 805 Hicks Dr $250,000. Occupied, 48-hour request required prior to tour, Lender Pre-approval letter or Proof of Funds to be submitted with request to tour.
Location
State MI
County Ingham
Community Lilac Lawn
Rooms
Ensuite Laundry Electric Dryer Hookup, In Unit, Laundry Room, Lower Level, Main Level, Washer Hookup
Interior
Laundry Location Electric Dryer Hookup, In Unit, Laundry Room, Lower Level, Main Level, Washer Hookup
Heating Central
Cooling None
Flooring Carpet
Laundry Electric Dryer Hookup, In Unit, Laundry Room, Lower Level, Main Level, Washer Hookup
Exterior
Garage Driveway
Utilities Available High Speed Internet Available, Cable Available
Building
Lot Description Back Yard, Front Yard
Schools
School District East Lansing
Read Less
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