38
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$409,000
Est. payment /mo
1.61 Acres Lot
Active
1954-1964 E Saginaw ST Meridian Twp, MI 48823
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65026024752
Year Built 1940
Lot Size 1.610 Acres
Acres 1.61
Property Sub-Type MultiFamily
Property Description
Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes with leases expiring in August, giving flexibility for an owner-occupant or investor alike. Live in one home and rent out the other to help offset your mortgage while still benefiting from future development potential. Situated on a 1.61-acre parcel in the desirable Haslett School District with an impressive 555.24 feet of frontage on E M-78, this income-producing property offers strong cash flow today with major upside tomorrow. The seller has already received township approval for an additional structure with up to 5 more units, creating exceptional expansion and rental income potential. One home was custom built in 2022 while the second has been extensively updated, making this a rare opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showing
Location
State MI
County Ingham
Area Area11021Meridianchartertwp
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Laundry InBasement
Exterior
Utilities Available ElectricityConnected, SewerConnected
View Y/N No
Building
Sewer Public Sewer, Sewer At Street
Water Well
New Construction No
Schools
School District Haslett
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Jer-Waun Kirkland of 616 Realty LLC
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