341 W Saginaw St, East Lansing, MI 48823

Whether you are looking for a starter home or an investment property, this charming, 2 bedroom/1 bath ranch is conveniently located on the south side of West Saginaw just west of Abbot, walking distance to MSU, downtown, library and Hannah Community Center. The home has a class III license which allows 2 unrelated or a single family to lease the home. The property is currently leased to 30/July of this year for $1,500.00 per month and leased from 01/August of this year to 30/July of 2026 for $1,650.00 per month. (Current lease has a $25.00 discount for any month rent is received prior to the first. Lease for 2025/2026 has a $50.00 discount for any month rent is received prior to the first.) Security deposit for current lease is $1,500.00, security deposit for 2025/2026 lease is $1,650.00. 2025/2026 tenants have also paid the first month's rent. There are no pets. Tenants do not smoke. Tenants are required to move out at least 5 days prior to lease end to allow for change over. The city license renewal date is 30/January/2026. The property features include a large living room, 15'9"X11'9", with picture window and is open to the breakfast/dining bar and kitchen with abundant counter space and cabinets. These rooms have newer laminate floors. (Refrigerator and dishwasher were new in 2022.) The bath was updated in 2019 as well as the installation of a new high efficient on demand Avian boiler system that also provides hot water which eliminates the need for a traditional water heater. The bedrooms are decent size, 13'X10' and 13'X9', both have hardwood floors. Other features and updates include a 1 ½ car detached garage and a large storage shed. The yard is very private and is partially fenced. The current owner has made many improvements including the removal of several trees, foundation reinforced, new drainage system that includes bubble pots, fence updating, new roof flashing and chimney rebuilt. Property is occupied and subject to tenant's rights. Please allow time to schedule your showing. Seller intends to do a 1031 Exchange. The listing agent is related to the sellers.