2701 E Saginaw St Lansing, MI 48912

Situated on a large corner lot less than 5 minutes to MSU and within walking distance of Frandor, this charming, 1930 2 story home has been well maintained. Converted many years ago to an income property, it has always been rented. Current owner used the studio apartment while renting the other two units. Now retired and relocated the studio apartment has been rented. There are three units, ****the studio apartment, with 464 square feet is leased through August of 2018 with monthly rent of $450.00. It includes a large living area, full bath, dining area and full kitchen. *****Unit 2, rents for $576.00 per month, has 576 square feet, also leased through August of 2018. It features 1 bedroom, living room, kitchen, dining and full bath. *****Unit 3 has 1,056 square feet, rents for $685.00 per month and is leased to 15/Jun/2018. It has 2 bedrooms, living room, kitchen, dining and full bath. This property would be a wonderful opportunity for someone looking for a place to live while generating income to pay the mortgage or just as a good investment property. Each unit has oven/range and refrigerator. Tenants are responsible for electricity, separate meters for each unit, landlord pays other utilities which are very reasonable. 2016 cost for water sewer was only $576.00, natural gas was only $1,090, lawn maintenance and snow removal was $480.00. Home does have a full basement that shared by tenants. Includes laundry facilities, storage areas. Other features include, hardwood floors, original woodwork throughout, new, 2015 90% high efficient furnace and air filter, 2007 gas water heater, 3 car, 600 square foot, garage plus large additional area for parking of several vehicles. Formal front entry accesses all 3 units which can also be accessed by a rear entrance conveniently located near garage and parking areas.