$475,000

1063 Marigold Avenue, East Lansing, MI 48823

5 beds |
2 baths |
2,456 sqft

Single-Family Home
Built in 1922
0.25acre lot
2 car garage
$193/sqft
Listed 14 days ago

Property Description

Class IV rental license with the City of East Lansing being offered at $95,000 per license. Currently rented with a new lease beginning August 20, 2026-August 12, 2027. There is a finite amount of rental licenses in East Lansing that makes this a valuable investment and location is PRIME to the West side of CAMPUS. Tenants pay all utilities, snow removal, leaf removal, carpet fee at beginning of lease $150, cleaning fee at beginning of lease $350, washer/dryer rental for $20 per month. Owner is in charge of lawn care, taxes and insurance. Showings are by appointment only. Seller is related to the Realtor.

Listing Status:: Active
Date Added:: May 6, 2026
Data Last Updated:: May 20, 2026 at 1:38PM
Listing Office:: Berkshire Hathaway HomeServices : 517-351-3617
Listing Agent:: Shelby Miller : 517-899-6486
MLS ID:: 295713

General: Laminate Counters
Appliances: DryerWasherRefrigeratorDisposalOvenRange
Laundry: In Basement
Basement: FullEgress WindowsBath/StubbedBlockConcrete
Flooring: HardwoodVinyl
A/C: Central Air
Heating: Forced Air

Style: Traditional

Roofing: Shingle
Windows: Double Pane Windows
General: Wood SidingAluminum SidingTwoBlock584.0

Originating MLS: Greater Lansing Association of REALTORS®
School District: East Lansing
County: Ingham

Zoning: LOT 21 LILAC LAWN FARM33-20-01-24-103-003
View: Neighborhood
Current Use: Investment

Utilities: Cable ConnectedElectricity ConnectedSewer ConnectedWater ConnectedHigh Speed Internet Connected100 Amp Service
Water: Public
Sewer: Public Sewer

Source: Greater Lansing Association of REALTORS®

This listing courtesy of Shelby Miller , Berkshire Hathaway HomeServices

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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