1611 River Terrace

$229,000

**This property is not zoned for multi-unit housing; a rental license from Meridian Township would be for a single-family home only. **Highest and Best Offers are due by 5PM on 3/27.** 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.

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Interior

Total Bathrooms	4
Laundry Room	Common Area
Flooring	Carpet, Hardwood, Laminate
Appliances	Gas Water Heater, Electric Water Heater

Exterior

Stories	1
Water Source	Public
POOL	None
ROOF	Shingle
Lot Features	Back Yard, Few Trees, Native Plants
Parking	Circular Driveway, No Garage, Unassigned
Heat type	Forced Air, Hot Water, Natural Gas
Air Conditioning	None
Sewer	Public Sewer
Substructure	Block

Area & Lot

Status	Active Under Contract
LIVING SPACE	2,271 Sq.Ft.
LOT SIZE	1.21 Acres
MLS® ID	294547
Type	Multi-Family
Year Built	1941
Neighborhood	East Lansing
Architecture Styles	Ranch
Water Frontage	River Front
School District	Okemos

Financial

SALES PRICE	$229,000

Active Under Contract

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East Lansing

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1611 River Terrace