532 Ann ST, East Lansing, MI 48823 - MLS#291550 - Ben Magsig

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Ben Magsig

ben@elitehomeselling.com +1(517) 896-2679

Listed by Berkshire Hathaway HomeServices

$1,095,000

Est. payment - /mo

3 Baths

10,280 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Sale

Listing Status Active

Purchase Type For Sale

Subdivision College Grove

MLS Listing ID 291550

Year Built 1926

Annual Tax Amount $24,965

Tax Year 2025

Lot Size 10,280 Sqft

Acres 0.24

Lot Dimensions 78x132

Property Sub-Type Commercial Sale

Source Greater Lansing Association of REALTORS®

Property Description

Exceptional East Lansing Rental Investment - Licensed for 15, Steps from Michigan State University and Grand River Avenue. A rare opportunity in the heart of East Lansing! This 14-bedroom, 4 bathroom home holds a Class VI Rental License with the City of East Lansing for 15 occupants and is just a short walk from Michigan State University's campus and downtown East Lansing. Private parking and walk through alley behind home right to Albert St and Grand River Avenue. Properties of this size and location rarely hit the market, making this a phenomenal investment in one of East Lansing's most sought-after areas. Currently leased through July 31, 2026, with additional interest for the following school year, this property offers excellent stability and long-term rental demand. Recent updates include new water heaters in 2025, ensuring reliable performance for years to come. Features include private parking in the back for tenants' convenience. Covered front porch large lot and charming fenced front yard. Multiple bedrooms across each level including first-floor living room, kitchen, 2 bedrooms and full bath with shower. Spacious second-floor bath with double vanities and shower stalls. 3rd level offers full studio with large living room, mini kitchen, full bath, and separate bedroom with private outside direct access. Finished basement with 3 egress windows with bedrooms plus in-unit washer and dryer. With virtually no comparable inventory in this market segment, this is a can't-miss investment opportunity for serious investors seeking strong returns and exceptional tenant demand.

Location

State MI

County Ingham

Community College Grove

Direction W Grand River Avenue & Division St, N. Ann St, E.

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Cooling Window Unit(s)

Flooring Carpet, Tile, Vinyl

Appliance Water Heater, Washer, Refrigerator, Disposal, Oven, Dishwasher, Dryer, Gas Water Heater

Laundry In Basement

Exterior

Parking Features Parking Lot, Private

Fence Front Yard

View Y/N No

Roof Type Shingle

Total Parking Spaces 14

Building

Story 2

Lot Size Range 0.24

Sewer Public Sewer

Schools

High Schools East Lansing

School District East Lansing

Others

Tax ID 33-20-02-18-153-003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Ben Magsig

+1(517) 896-2679

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Greater Lansing Area

532 Ann ST East Lansing, MI 48823

Ben Magsig

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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