• 642 Cornell Avenue East Lansing, Michigan 48823

  • $290,000
  • 4
    Bed(s)
  • 1
    Baths
  • 1,068
    Sq Ft
  • 0.12
    Acre

MSU parents, buy this 4-bedroom home on a 5,401 sq ft stunning lot with certified rental income! Four-minute drive or 15-minute walk to campus. It can be leased to four unrelated individuals, but your work is done—the lease is in place for next year as well! There is a large storage shed in the enormous backyard. The main level has wood floors, a bar, an inviting front porch, and a full kitchen with a refrigerator, microwave, and stove. Enjoy the on-site laundry room with a washer/dryer. Great tenants now and coming in August. Don't forget: good renters are like free money! Move your freshman in next fall and let their friends pay the mortgage! Go State!! Lease is signed until August 2025. Current rent $1950. Jumps to $2150 Sept 2024 until August 2025. Each of the 4 pay independently.

Property Type :

Residential

Subdivision :

Avondale Sub

County :

Ingham

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 4

Bathroom Information

Total Baths: 1

Full Baths: 1

Room Information

Total Rooms: 8

Porches: Porch

Interior Features

Furnished - No

Roof : Asphalt

Heating & Cooling

Heating: Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 1941

Building Stories: 1 1/2 Story

Roof: Asphalt

Foundation/Basement: Slab

Architecture: Cape Cod

Exterior Features

Construction: Vinyl

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Public (Municipal)

Lot Information

Lot Size: 0.12

Lot Dimensions: 40.00 x 135.00

Frontage Feet: 40

Property Information

SQ ft: 1068

Subdivision: AVONDALE SUB

Financing: Cash,Conventional

Listing Price Information

Original List Price: $299,000

Listing Information

Possession: At Close

Legal Description: LOT 96 ALSO W 1/2 OF VAC ALLEY AVONDALE

Tax Information

Annual Tax: $7,651

Parcel Number: 33200218204019

Possession

At Close

Legal Information

Legal Description: Section: LOT 96 ALSO W 1/2 OF VAC ALLEY AVONDALE

Parking Information

Garage Size: No Garage

Multi-Unit Information

Road Frontage: Paved

School Information

School District: East Lansing

Utility Information

Water:Public (Municipal)

Sewer:Public Sewer (Sewer-Sanitary)

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
221 University Drive, East Lansing, MI,48823 $229,990 3 2 1,572 0.14 Acre
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6212 Porter Avenue, East Lansing, MI,48823 $189,900 4 2 1,555 0.22 Acre
6424 Ridgepond Place, East Lansing, MI,48823 $898,000 5 5 7,382 0.48 Acre
1319 Dennison Road, East Lansing, MI,48823 $774,900 5 4 4,544 0.28 Acre
1542 Ann Street, East Lansing, MI,48823 $284,900 4 2 2,192 0.27 Acre
3182 Biber Street, East Lansing, MI,48823 $205,000 3 2 1,268 0.19 Acre
2121 Isaac Lane, East Lansing, MI,48823 $619,900 5 5 3,478 0.29 Acre
6131 Horizon Drive, East Lansing, MI,48823 $304,900 4 4 3,144 0.26 Acre
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/16/2024 @ 14:53

MLS: 607560173
LISTED BY: Leslie Wagner , Signature Sotheby's International Realty GPF
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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