1504 Melrose
East Lansing, MI 48823
MLS #224901

Multi-Family
  • 2units
  • 0.23acres
  • 2,223sq ft
$159,900
Est. P&I payment: $610.71/mo
1504 Melrose, East Lansing, MI 48823
  • 1504 Melrose, East Lansing, MI 48823 Photo 1
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  • 1504 Melrose, East Lansing, MI 48823 Photo 11
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Description for 1504 Melrose, East Lansing, MI 48823
Great investment opportunity, in the heart of East Lansing! Spacious duplex offers a class 3 license on each side (2 unrelated or family). 1504 is leased through July 31, 2018 1506 is not currently leased and is perfect for owner occupied or easily rented out as investment. Property is currently using management company. This is an opportunity that you won't want to miss! Seller will pay $4000 towards new roof at closing.
MLS #224901
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My Notes for MLS #224901

General Features

  • Property Type: E
  • Status: Active
  • List Price: 159,900
  • Year Built: 1957
  • Zoning: Residential
  • Subdivision: Grandview
  • Township/Tax Authority: East Lansing City
  • # of Units: 2
  • Land & Acreage: Up to 1/4 Acre
  • Basement: Full,​No Basement
  • Extras: Cable Installed
  • Garage: Carport
  • SqFt - Above Appx: 2,223

Miscellaneous Features

  • Building 1 Description: Multi-Family Duplex

Income Features

  • Annual Inc & Expense: Gross Rent: 1,770

Units Features

  • Unit 1: Unit: 1,504
  • Unit 1: Rooms: 6
  • Unit 1: Baths: 1
  • Unit 1: Bedrooms: 4
  • Unit 1: Monthly Income: 895
  • Unit 1: Finished SqFt: 1,323
  • Unit 1 Appliances: Dryers: 1
  • Unit 1 Appliances: Refrigerators: 1
  • Unit 1 Appliances: Ovens: 1
  • Unit 1 Appliances: Washers: 1
  • Unit 2: Unit: 1,506
  • Unit 2: Rooms: 4
  • Unit 2: Baths: 1
  • Unit 2: Bedrooms: 2
  • Unit 2: Monthly Income: 875
  • Unit 2: Finished SqFt: 900
  • Unit 2 Appliances: Dryers: 1
  • Unit 2 Appliances: Disposal: 1
  • Unit 2 Appliances: Refrigerators: 1
  • Unit 2 Appliances: Washers: 1
  • Unit 2 Appliances: Ovens: 1
  • Unit Information: Registered/Licenses: Class 3,​ each side

Exterior Features

  • Driveway: Gravel
  • Exterior: Wood Siding
  • Lot Dimensions: 69x144
  • Lot Acres: 0.23

Financial Features

  • Taxes: 5,257
  • Tax Year: 2016
  • Taxable Value: 68,868

School Features

  • School District: East Lansing

Utility Features

  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas Natural
  • Heating: Forced Air - Gas,​Other Heating

Location

 
Street View Not Available
Directions to 1504 Melrose, East Lansing, MI 48823
Hagadorn & Burcham N to Melrose E
The listing information for 1504 Melrose, East Lansing, MI 48823 was graciously provided by our friends at the listing brokerage, Berkshire Hathaway HomeServices Tomie Raines

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P&I Payment $610.71
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Home Partners's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Home Partners, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/26/2018 at 8:49pm
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