1063 Marigold Ave - MSU Student Rental
1063 Marigold Ave, East Lansing, MI 48823
Overview
Class IV rental license with the City of East Lansing being offered at $95,000 per license and licensed for 5. Currently rented with a new lease beginning August 20, 2026-August 12, 2027. There is a finite amount of rental licenses in East Lansing that makes this a valuable investment and location is PRIME to the West side of CAMPUS. Tenants pay all utilities, snow removal, leaf removal, carpet fee at beginning of lease $150, cleaning fee at beginning of lease $350, washer/dryer rental for $20 per month. Owner is in charge of lawn care, taxes and insurance. Showings are by appointment only. Seller is related to the Realtor.
MSU Student Rental Licensed for Five
Next to West Side of Campus
100% Leased thru August 12, 2027
Attachments
For Sale
- Sale Price
- $475,000
- Price Per SF
- $193.40/SF
- Building Size
- 2,456 SF
- Acres
- 0.25 ac
- Zoning
- Residential
- Tenant
- Students
- Year Built
- 1922
- Tax ID Number
- 33-20-01-24-103-003
- Property Use Type
- Investment
- Property Status
- Existing
- Avg. Occupancy
- 100%
- Total Units
- 5
- Laundry
- Shared
- County
- Ingham
- Listed
- 05/14/2026
- Updated
- 05/14/2026
- Listing ID
- 7b3eefd4
- Parcel APN
- 33-20-01-24-103-003