645 E Jolly Rd - Apartments FOR SALE


Lansing, MI 48910- Old Everett
$1,000,000 USD
310-633-3001
645 E Jolly Rd, Lansing, MI for Sale
$1,000,000 USD
Apartments - FOR SALE
1/14
null | 9.63% Cap Rate

645 E Jolly Rd
Lansing, MI 48910
Old Everett


HIGHLIGHTS

  • 13/16 Renovated units
  • On-site laundry
  • Located just off of Jolly/Cedar Intersection

OVERVIEW

Prime multi-family investment opportunity in Lansing. This apartment complex features 13/16 newly renovated units with new kitchen appliances, new bathroom vanity and tubs. Units offer carpet throughout with vinyl plank flooring in the kitchen; air conditioning units in each apartment, laundry facilities on-site, surface parking. Located just east of the high trafficked Jolly/Cedar intersection, convenient to community schools, south Lansing retail corridor, Holt, Okemos and more. Minutes from I-496 and I-96.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

16

PRICE/UNIT

$62,500

CAP RATE

9.63%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jolly Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

Commercial

APN/PARCEL ID

01-01-33-484-001

ASK ABOUT THIS PROPERTY

Todd KostaWoodworth CommercialMore Info
310-633-3001

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Todd KostaWoodworth CommercialMore Info
310-633-3001

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