557 Virginia Avenue, East Lansing, MI 48823

$219,900 Asking Price

3 beds
2 baths
1,416  sqft
Built in 1961

Cute ranch with over 1400 finished square feet in popular student area. LICENSED FOR A FAMILY OR 3 UNRELATED (Class IV). Tenants pay $1950 / month and all utilities. Leased through July 26, 2025. Very easy to rent. Current license renews 11/28/24. 3 bedrooms plus rec room and TV room, 2 full baths, washer and dryer in basement. Water heater replaced 2015, roof 2011, new sewer line and cleanout 2017. Furnace is inspected bi-annually. Large back yard and deck, parking for 4 cars. Hardwood floors and dry basement. Great buy!

Features & Amenities

Interior

General:
Ceiling Fan(s), Dry Bar, Eat-in Kitchen
Appliances:
Disposal, Electric Cooktop, Electric Range, Washer, Refrigerator, Dryer
Laundry:
In Basement
Basement:
Egress Windows, Full, Partially Finished
Flooring:
Hardwood, Vinyl
A/C:
false, None
Heating:
true, Forced Air, Natural Gas
Fireplace:
None

Exterior

Style:
Ranch
Parking:
Driveway, Private, Tandem

Construction

Roofing:
Shingle
General:
Wood Siding, One, 936.0

Location

Road/Access:
Concrete
Originating MLS:
Greater Lansing Association of REALTORS®
School District:
East Lansing
County:
Ingham

Lot

Zoning:
LOT 245 ALSO E 1/2 OF VAC ALLEY AVONDALE, 33-20-02-18-219-004
Current Use:
Rental, Investment

Utilities

Utilities:
Cable Available, 100 Amp Service
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Greater Lansing Association of REALTORS®

This listing courtesy of:
RE/MAX Real Estate Professionals, HBB Realtors

About East Lansing, MI

Housing

Number of Units
24,327
Median Home Value
$225,596
Median Rent
$940

57.70% of housing units are renter occupied.

8.99% are vacant.

Commute

Car
48.46%
Public Transportation
6.02%
Walk to Work
10.99%
Work from Home
29.90%
Other
0.35%

The median travel time to work is 13 minutes.

People

Population
63,706
Median Age
28.70
Median Household Size
2.44

Education

High School
11.47%
Associate’s Degree
4.71%
Bachelor’s Degree
29.59%
Graduate Degree
36.43%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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