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906 E Michigan AVE East Lansing, MI 48823
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Key Details
Sold Price $355,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $246
Subdivision Chesterfield Hills
MLS Listing ID 295714
Sold Date 10/20/26
Style Traditional
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1922
Annual Tax Amount $8,054
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 25x107
Property Sub-Type Single Family Residence
Source Greater Lansing Association of REALTORS®
Property Description
Class IV rental license with the City of East Lansing being offered at $95,000 per room. Currently rented with a new lease beginning August 20, 2026-August 12, 2027. There is a limited 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 $200, cleaning fee at beginning of lease $300, washer/dryer rental for $20 per month. Owner is in charge of lawn care, taxes and insurance. Showings are by appointment only. Realtor is related to the Seller. Property Highlights:
Proven Income: Currently leased for the 2026-2027 academic year (August 20, 2026 - August 12, 2027).
Valuation: Priced at $92,000 per room.
Prime Location: Unbeatable positioning for student housing with high demand.
Owner-Friendly Terms: Tenants cover all utilities, snow removal, and leaf removal. Additional revenue streams include a $200 carpet fee, $300 cleaning fee, and $20/month washer/dryer rental.
Owner Responsibilities: Limited to lawn care, property taxes, and insurance.
This is a turn-key investment in a high-demand market. Showings are available by appointment only.
Realtor is related to the Seller. Agent to Agent Remarks: Please allow 24 hours' notice for all showing requests to accommodate our tenants' schedules.
Location
State MI
County Ingham
Community Chesterfield Hills
Direction CORNER OF MICHIGAN AVE/UNIVERSITY DRIVE
Rooms
Basement Daylight, Full
Dining Room First
Kitchen true
Interior
Interior Features Laminate Counters, Natural Woodwork
Heating Forced Air
Cooling Central Air
Flooring Carpet, Combination, Hardwood, Vinyl
Window Features Double Pane Windows
Appliance Dryer, Electric Oven, Refrigerator
Laundry In Basement, Inside, Lower Level
Exterior
Exterior Feature Rain Gutters
Parking Features Attached, Covered, Garage, Garage Faces Side, Paved
Garage Spaces 2.0
Garage Description 2.0
Utilities Available Water Connected, Sewer Connected, High Speed Internet Connected, High Speed Internet Available, Cable Available
View Y/N Yes
View Neighborhood
Roof Type Shingle
Present Use Investment
Building
Lot Description Front Yard
Foundation Block
Lot Size Range 0.13
Sewer Public Sewer
Architectural Style Traditional
Schools
High Schools East Lansing
School District East Lansing
Others
Tax ID 33-20-01-13-125-020
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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