Address
619 Stoddard Avenue East Lansing, MI
Price
$ 265,000
Property Attributes
  • ID#2210036482
  • TypeMulti-Family
  • CountyINGHAM
  • CityEast Lansing
  • AreaEast Lansing
  • NeighborhoodAVONDALE SUB
  • Zip48823
  • StyleDuplex
  • Year Built1924
  • Taxes$ 5081
  • Price$ 265,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage2172
  • Lot Size10,890 SqFt
Listing Provided Courtesy Of:
Thrive Realty Company
Data Source:
REALCOMP II LTD.
Property Description

621 is a 2-story unit that consists of 3 bedrooms & 1.5 bath with multiple entryways. 619 is a 1 bedroom unit with its own entry, kitchen, bathroom and driveway. Both units have access to a shared basement for washer and dryer access as well as plenty of storage space. Both units also connect from the inside so it can be used as a 4 bed, 2.5 bath house! Large yard and a 2 car garage, as well as plenty of driveway space for 6 additional cars. THIS PROPERTY HAS AN ACTIVE CLASS IV RENTAL LICENSE (unrelated 4) THAT IS TRANSFERABLE. The license is currently in the process of being renewed by the current owner. Currently between both units the property brings in $2225 ($650/$1575) a month in rent with leases expiring July 28, 2021. New leases with new tenants will begin August 8, 2021 till July 28, 2022. The new lease will bring in $2425 in total monthly rent ($775/$1650). Property still has room for rent increases in 2022-2023. Agent has ownership/interest in the property.

Price History
5/22/2021 Listed $265,000

General Features

Construction Materials Vinyl
Cumulative Days on Market 19
Down Payment Resource Yes
Gross Scheduled Income 29100.00
Heating Forced Air
Listing Agent Public Id 436591
Net Operating Income 20414.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 33200218204011
Parking Total 8
Property Type Multifamily
Rent Includes Garbage Pickup, Yard Maintenance
School District East Lansing
Sewer Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name AVONDALE SUB
Terms Offered Cash, Conventional
Total Sq Ft 2172
Transaction Type Sale
Year Built 1924
Zoning Residential

Interior Features

Full Baths 2
Half Baths 1
Heating Fuel Natural Gas
Total Baths 2.10
Total Units 2
Unit Count 2

Exterior Features

Architecture Level 2 Story
Architecture Style Duplex
Foundation Michigan Basement
Foundation Materials Block
Lot Size Area 0.25
Lot Size Dimensions 80.00X135.00
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Best Life and Co and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of June 22, 2021 1:03 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48823

Price
AVG $380K
$270K
Taxes
AVG $5,983
$5,081
Visits
AVG 5
8
Year Built
AVG 1951
1924
Walkscore
AVG 41
49
Data Provided by Walkscore ® not using MLS data