Apartment Buildings /MI /Ingham County /Lansing /645 E Jolly Rd
Apartment Buildings /MI /Ingham County /Lansing /645 E Jolly Rd

645 E Jolly Rd - Apartments FOR SALE


Lansing, MI 48910- Old Everett | 
$1,005,000 USD
517-487-9222
645 E Jolly Rd, Lansing, MI for Sale
$1,005,000 USD
Apartments - FOR SALE
1/38
null | 9.45% Cap Rate
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645 E Jolly Rd
Lansing, MI 48910
Old Everett

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HIGHLIGHTS

  • 100% leased occupancy
  • Renovated in 2024
  • Originally built in 1969
  • Central location supports a deep resident pool
  • Stable workforce housing profile
  • Strong cash flow opportunity

OVERVIEW

Central location supports a deep resident pool with access to major employment centers, retail amenities, healthcare facilities, and more.

FOR SALE DETAILS

PRICE

$1,005,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

16

PRICE/UNIT

$62,813

CAP RATE

9.45%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jolly Flatz

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

Dave RobinsonNAI Mid-MichiganMore Info
517-487-9222

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Dave RobinsonNAI Mid-MichiganMore Info
517-487-9222

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

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