Welcome to 1071 Lilac Ave in East Lansing, a beautifully maintained 4-bedroom, 2-bath Cape Cod located in the desirable Flowerpot Neighborhood. Licensed for a family or up to four unrelated occupants, this property is an excellent opportunity for both homeowners and investors. Currently leased for $2,900 per month through August 2027, it offers immediate rental income in a prime location close to Michigan State University, an elementary school, shopping, and major highways. This well-cared-for home features beautiful hardwood floors and a functional layout with two bedrooms and a full bath on the main level, along with the living room, kitchen, and dining area. Upstairs, you'll find two additional bedrooms, a second full bath, and the convenience of second-floor laundry. Recent updates include a new sewer line and driveway (2018), fresh exterior paint (2020), a new furnace (2021), a new shed (2023), plus newer washer, dryer, and dishwasher. Situated on a double lot, the property also offers the potential to split the second parcel and build an additional home, subject to East Lansing approval, creating an outstanding opportunity for future development or added value. Whether you're looking for a turnkey investment or a well-maintained home with exceptional potential, this property offers a rare combination of location, flexibility, and long-term opportunity.
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Zillow last checked:
Listing updated:
Listed by:
Morgan Meredith517-505-1422,
Keller Williams Realty Lansing517-853-1200
Source: Greater Lansing AOR,MLS#: 297319
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Level: First
Area: 149.94 Square Feet
Dimensions: 12.6 x 11.9
Bedroom 2
Level: First
Area: 81 Square Feet
Dimensions: 9 x 9
Bedroom 3
Level: Second
Area: 175.5 Square Feet
Dimensions: 13.5 x 13
Bedroom 4
Level: Second
Area: 138.6 Square Feet
Dimensions: 12.6 x 11
Dining room
Level: First
Area: 70.56 Square Feet
Dimensions: 8.4 x 8.4
Kitchen
Level: First
Area: 115.02 Square Feet
Dimensions: 16.2 x 7.1
Living room
Level: First
Area: 216 Square Feet
Dimensions: 16 x 13.5
Heating
Forced Air, Natural Gas
Cooling
Central Air
Appliances
Included: Dishwasher, Oven, Range Hood, Refrigerator, Washer/Dryer Stacked, Water Heater
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.