906 E Michigan Avenue, East Lansing, MI 48823
- $368,000
- 4
- BD
- 3
- BA
- 1,440
- SqFt
- List Price
- $368,000
- Status
- ACTIVE
- Days on Market
- 0
- Price Change
- ▼ $12,000 1785177233
- MLS#
- 295714
- Style
- Traditional
- Year Built
- 1922
- Bedrooms
- 4
- Bathrooms
- 3
- Full Baths
- 2
- Half Baths
- 1
- Living Area
- 1,440
- Lot Size
- 5,662
- Acres
- 0.13
- Subdivision
- Chesterfield Hills
Property Description
Class IV rental license with the City of East Lansing being offered at $95,000 per room. Currently rented with a new lease beginning August 20, 2026-August 12, 2027. There is a limited amount of rental licenses in East Lansing that makes this a valuable investment and location is PRIME to the West side of CAMPUS. Tenants pay all utilities, snow removal, leaf removal, carpet fee at beginning of lease $200, cleaning fee at beginning of lease $300, washer/dryer rental for $20 per month. Owner is in charge of lawn care, taxes and insurance. Showings are by appointment only. Realtor is related to the Seller. Property Highlights: Proven Income: Currently leased for the 2026-2027 academic year (August 20, 2026 - August 12, 2027). Valuation: Priced at $92,000 per room. Prime Location: Unbeatable positioning for student housing with high demand. Owner-Friendly Terms: Tenants cover all utilities, snow removal, and leaf removal. Additional revenue streams include a $200 carpet fee, $300 cleaning fee, and $20/month washer/dryer rental. Owner Responsibilities: Limited to lawn care, property taxes, and insurance. This is a turn-key investment in a high-demand market. Showings are available by appointment only. Realtor is related to the Seller. Agent to Agent Remarks: Please allow 24 hours' notice for all showing requests to accommodate our tenants' schedules.
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Additional Information
- Interior Features
- Laminate Counters, Natural Woodwork
- Exterior Features
- Rain Gutters
- Taxes
- $8,054
- Property Description
- Traditional
- Appliances
- Dryer, Refrigerator, Electric Oven
- Heating
- Forced Air
- Air Conditioning
- Central Air
- Exterior Features
- Aluminum Siding
- Levels
- Two and One Half
- Garage Spaces
- 2
- School District
- East Lansing
Mortgage Calculator
Listing courtesy of Listing Agent: Shelby Miller (smiller@tomieraines.com) from Listing Office: Berkshire Hathaway HomeServices.
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