525 E Spartan, East Lansing, MI 48823 (MLS# 33529)


$170,000
525 E Spartan
East Lansing, MI 48823
MLS# 33529
Status: Closed



525 E Spartan, East Lansing, MI 48823
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525 E Spartan, East Lansing, MI 48823

Property Description
If you've ever wandered through East Lansing during the fall (specifically those infamous few weeks at the end of August) you've probably been overwhelmed by the sheer number of students milling about. This time marks the beginning of another year at Michigan State University and the excitement in the air is palpable. It's a profitable time for local businesses as thousands of students filter back onto Campus, but more importantly for local real estate investors. If you're one of the fortunate few who own a rental property in the East Lansing area, you can't help, but get excited at all of the prospective student renters dying to get those prime housing spots, such as the one located at 525 Spartan Avenue. 525 Spartan Avenue is located just blocks away from the beautiful campus of Mic

Details
Contract Info
List Price: $170,000
Current Price: $160,000
Lease/List Price/SqFt: 186.4
Location & Legal Info
Street #: 525
Street Direction: E
Street Name: Spartan
State: MI
Zip Code: 48823
Key: KBX
Township/Tax Authority: East Lansing City
County: Ingham
Legal: LOT 182 ALSO E 1/2 OF VAC ALLEY AVONDALE
Directions: BURCHAM TO SPARTAN SOUTH
General Property Info
Property Sub-Type: Income
# of Units: 1
Year Built: 1964
SqFt - Above Appx: 912
Parking Total: 4
Lot Dimensions: 40 X 135
ECO Friendly Features: No
Tax Info
State Eq Value: 71600
Taxes: 3600
Tax Year: 11
Parcel #: 33-20-02-18-218-011
Taxable Value: 71600
Zoning: Residential
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Closed
Under Contract Date: 2012-02-09
Sold Date: 2012-03-08
Sold Price: 160000
Leased/Sold Price/SqFt: 175.44
Unit 1
Unit: 1
Baths: 1
Bedrooms: 4
Monthly Income: 1600
Finished SqFt: 912
Unit 1 Appliances
Dishwashers: 1
Disposal: 1
Dryers: 1
Microwaves: 1
Ovens: 1
Ranges: 1
Refrigerators: 1
Washers: 1
Property Features
Basement: Full
Exterior: Vinyl Siding
Water: Public
Sewer: Public Sewer
Garage: No Garage
Heating: Forced Air - Gas
Water Heater: Gas Natural
Type: Ranch
Terms: Cash; Conventional; FHA
Showing: Key Box; No Sign
Supplements
State University. Within walking distance are a plethora of restaurants, coffee shops and stores -- enough to satisfy any student's needs. Ah, but I digress -- let's talk about the house. 525 Spartan is the perfect student rental property, already licensed for four and renting for $1,900 per month. The home has four comfortable bedrooms, two bathrooms and a large family room for socializing. With every modern amenity, including new appliances, a washer and dryer, dishwasher, garbage disposal and easy-clean hardwood floors, the house offers an ideal student sanctuary. Additional features include a basement with a b-dry system installed, a stone retaining wall and a brick sidewalk. Don't let this fantastic investment opportunity pass you by.

Listing Office: Berkshire Hathaway HomeServices Tomie Raines

Listing Agent: Robert Buffington

Last Updated: April - 13 - 2018

Information deemed reliable but not guaranteed.

Friday 21st of September 2018 11:34 AM