Well-located investment opportunity just steps from Michigan State University, yet situated in Meridian Township for more favorable rental licensing and lower property taxes. This unique multi-unit property offers strong income potential with a flexible layout. The main level features a 3-bedroom unit with a spacious living room, a full bath, and a kitchen, plus access to a large unfinished basement. A connected efficiency unit includes its own living space, kitchenette, and full bath, while the walk-out lower level offers an additional 1-bedroom unit. Set on a rare 1.3-acre parcel bordering the Red Cedar River, this property offers a compelling opportunity for investors or those looking to secure housing near campus with added flexibility and long-term value.