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1063 Marigold Ave, East Lansing, MI, 48823

5beds
2baths
2,456sqft
$475,000
$193price/sqft
$3,555/moest. monthly cost
$142,200/yrincome needed

About This Home

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.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
94
BikeBiker's Paradise

Schools

7/10
Red Cedar SchoolGrades PK-50.3 mi
7/10
MacDonald Middle SchoolGrades 6-82.3 mi
9/10
East Lansing High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1922

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Aluminum Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Disposal,Dryer,Oven,Range,Refrigerator,Washer
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Bath/Stubbed,Block,Concrete,Egress Windows,Full

Bedroom2

  • Features: Hardwood Floor
  • Level: Second
  • Area: 120

Bedroom3

  • Features: Hardwood Floor
  • Level: Second
  • Area: 168

Bedroom4

  • Features: Hardwood Floor
  • Level: Second
  • Area: 120

Bedroom5

  • Features: Hardwood Floor
  • Level: Second
  • Area: 120

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: First
  • Area: 0.001

Exercise Room

  • Level: Basement
  • Area: 180

Features

  • Laminate Counters
  • Window features: Double Pane Windows
  • Flooring: Hardwood,Vinyl
  • Finished area below ground: 584
  • Finished area above ground: 1,872

Game Room

  • Level: Basement
  • Area: 80

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,456
  • Total interior livable area: 2,456 sqft

Kitchen

  • Features: Vinyl Floor
  • Level: First
  • Area: 120

Living Room

  • Features: Hardwood Floor
  • Level: First
  • Area: 252

Master Bedroom

  • Features: Hardwood Floor
  • Level: First
  • Area: 144

Other

  • Level: Basement
  • Area: 252

Other

  • Features: Hardwood Floor
  • Level: Basement
  • Area: 225

Property

Details

  • Parcel number: 33200124103003
  • Zoning description: Zoning
  • Foundation area: 584

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Deck
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 0.25 Acres
  • Features: Back Yard,Front Yard
  • Lot size dimensions: 66 x 165

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage,Garage Faces Front
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2