$290,000 Price Analysis 642 Cornell AveEast Lansing, MI 48823 4 bed 1 bath 1,068 SqFt ($271/SqFt) 5,227SqFt lot. Built 1941 Listed 2024-05-22, Taxes $7,319 | Ⓧ USDA Ineligible due to location near East Lansing |
Buy this 4-bedroom home on a 5, 401 sq ft stunning lot with certified rental income! Fur-minute drive or 15-minute walk to campus. It can be leased to four unrelated individuals, but your work is donethe 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.
Presented by Leslie Wagner at
Signature Sotheby's International Realty.
Property MLS #20240032786 from Realcomp
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $unknown + $unknown $99,300 | $7,319 |
2021 | $unknown + $unknown $96,600 | $7,202 |
2019 | $unknown + $unknown $71,800 | $5,272 |
2017 | $unknown + $unknown $69,000 | $5,089 |
2017 | $unknown + $unknown $69,700 | $5,089 |
2016 | $unknown + $unknown $69,000 | $4,929 |
2015 | $unknown + $unknown $63,800 | $4,946 |
2014 | $unknown + $unknown $63,800 | $5,125 |
2013 | $unknown + $unknown $60,800 | $4,865 |
2012 | $unknown + $unknown $60,800 | $4,735 |
2011 | $unknown + $unknown $64,300 | $4,532 |
2010 | $unknown + $unknown $64,300 | $4,409 |
2009 | $unknown + $unknown $64,300 | $4,392 |
2008 | $unknown + $unknown $69,000 | $3,962 |
2007 | $unknown + $unknown $67,000 | $3,924 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.