532 Ann Street, East Lansing, MI 48823

Property Description

Exceptional East Lansing Rental Investment - Licensed for 15 unrelated occupants, steps from Michigan State University and Grand River Avenue. A rare opportunity in the heart of East Lansing! Class VI Rental License with the City of East Lansing for 15 occupants 14 bedrooms, 4 full baths and is just a short walk from Michigan State University's campus and downtown East Lansing. Private parking and walk through the alley behind home right to Albert St and Grand River Avenue. Properties of this size and location rarely hit the market, making this a phenomenal investment in one of East Lansing's most sought-after areas. Currently leased through July 31, 2026, with additional interest for the following school year, this property offers excellent stability and long-term rental demand. Recent updates include new water heaters in 2025, ensuring reliable performance for years to come. Features include private parking in the back for tenants' convenience. Covered front porch large lot and charming fenced front yard. Multiple bedrooms across each level including first-floor living room, kitchen, 2 bedrooms and full bath with shower. Spacious second-floor bath with double vanities and shower stalls. 3rd level offers full studio with large living room, mini kitchen, full bath, and separate bedroom with private outside direct access. Finished basement with 3 egress windows with bedrooms plus in-unit washer and dryer. With virtually no comparable inventory in this market segment, this is a can't-miss investment opportunity for serious investors seeking strong returns and exceptional tenant demand.