1954-1964 E Saginaw Highway, East Lansing, MI 48823

About this property

Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes with leases expiring in August, giving flexibility for an owner-occupant or investor alike. Live in one home and rent out the other to help offset your mortgage while still benefiting from future development potential. Situated on a 1.61-acre parcel in the desirable Haslett School District with an impressive 555.24 feet of frontage on E M-78, this income-producing property offers strong cash flow today with major upside tomorrow. The seller has already received township approval for an additional structure with up to 5 more units, creating exceptional expansion and rental income potential. One home was custom built in 2022 while the second has been extensively updated, making this a rare opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showing

Interior

Heating

Forced Air

Cooling

Central Air

Fireplace

Yes

Exterior & construction

Construction

Vinyl Siding

Lot size

70,132 sq ft

Lot dimensions

1.61

Utilities

Water source

Well

Utilities

Electricity Connected

Financial

Annual tax

$14,300

Tax year

2025

Assessed value

$196,344

Location

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