642 Cornell Avenue is a $239,000, 1,031 square foot, 4 bedroom, 1.0 bath home on a 0.12 acre lot located in East Lansing, MI.
This is a rare opportunity to purchase one home or an entire rental business within walking distance to Michigan State University. Now is your chance to take advantage of this incredible deal to purchase any number of this six house package which includes 539, 544, 554, 625 and 642 Cornell Ave and 616 Charles Street. This particular home is rented until July 31, 2019 at a rent rate of $2050 and currently has a rental license in good standing for 4 unrelated persons. The overall CAP rate for the package is slightly higher than 8%. All properties are within walking distance to campus and downtown East Lansing. These houses have had 100% occupancy since 2011, have been professionally managed, and have received lots of upgrades to roofs, bathrooms and furnaces.
|Above Grade Sqft||2,062|
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