This is a rare opportunity to purchase a home within walking distance to Michigan State University that is has a transferable rental license in good standing. This particular home is rented until July 31, 2020 at a rent rate of $3400 and currently has a rental license in good standing for 5 unrelated persons. The overall CAP rate for the package is slightly higher than 9%. Property is within walking distance to campus and downtown East Lansing. These houses have had 100% occupancy since 2011, have been professionally managed, and have received lots of upgrades to roofs, bathrooms and furnaces.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
