Courtesy: RE/MAX Real Estate Professionals
517-339-8255
Exceptional duplex opportunity on Ferndale Avenue in East Lansing! This well-maintained property carries two Class IV rental licenses with the City of East Lansing- a grandfathered designation that cannot be newly issued today. Each side mirrors the other with just under 1,000 square feet above grade, offering spacious and functional layouts. Each side is three bedrooms and two full bathrooms and each side has their own separate basements. Both basements include full bathrooms, with one side of the basement nearly fully finished and the other side partially finished and both sides featuring an egress window which is ideal for expanded living space, added value, or rental flexibility. The units are clean and updated with modern flooring and well-maintained mechanical systems. All appliances are included for a seamless transition to the next owner. Positioned on a corner lot, the property features two separate driveways and six total parking spaces, offering a significant advantage in this market. A storage shed provides additional utility and convenience. This is a rare chance to own a licensed duplex with great rental history in a high-demand East Lansing location with strong long-term upside.
East Lansing is located in Michigan. East Lansing, Michigan has a population of 47,427. East Lansing is more family-centric than the surrounding county with 31.48% of the households containing married families with children. The county average for households married with children is 28.45%.
The median household income in East Lansing, Michigan is $41,177. The median household income for the surrounding county is $58,226 compared to the national median of $69,021. The median age of people living in East Lansing is 21.4 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 16.5 degrees. The average rainfall is approximately 33.1 inches per year, with 46 inches of snow per year.
