208 E Cesar E Chavez Ave - Multi-Family FOR SALE


Lansing, MI 48906- Old Town Lansing
$795,000 USD
517-321-2800
208 E Cesar E Chavez Ave, Lansing, MI for Sale
$795,000 USD
Multi-Family - FOR SALE
1/20
null | 9.92% Cap Rate

208 E Cesar E Chavez Ave
Lansing, MI 48906
Old Town Lansing


HIGHLIGHTS

  • Residential Loft Apartments
  • High End Designer Finishes
  • Located in Old Town

OVERVIEW

Meet 208. She is an incredibly loved three story apricot brick mixed-use building: commercial, residential lofts, deck, garage. Historical Old Town Lofts: City Treehouse Loft & Botanical Loft Residential Lofts that are currently used as short-term rental lofts. With high-end designer finishes, cosmetic and lightening upgrades, fully furnished (even all clad pots & pans), new rooftop deck, water heater and washer updates, 2022-24. Commercial Space is leased with a long term no fuss tenant. A dry, bright basement surprises you in Michigan. Providing coveted storage rental space, a rare amenity in this bustling neighborhood, and a two-car garage, leased month-to-month, adds further income potential. With the building tuck-pointed in 2023, this meticulously maintained property holds strength both as a lucrative investment and dreamy home in the heart of Old Town's cultural tapestry. Find 208 at the intersection of Turner and East César E. Chávez Avenue. Sitting near the city’s RiverTrail and Fishladder. Buildings in this area rarely become available. To acquire in Old Town and to be able to purchase the jewel of Old Town, 208, is an opportunity that many could have only dreamed of, until now.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

3

PRICE/UNIT

$265,000

CAP RATE

9.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 208 - Old Town Lofts

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1873

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,920 SF

ZONING

F-1 COM

APN/PARCEL ID

33-01-01-09-402-061

ASK ABOUT THIS PROPERTY

Matthew WisniewskiRE/MAX Commercial GroupMore Info
517-321-2800

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Matthew WisniewskiRE/MAX Commercial GroupMore Info
517-321-2800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.