826 N Walnut St - Apartments FOR SALE


Lansing, MI 48906- Old Forest
$542,000 USD
517-487-9222
826 N Walnut St, Lansing, MI for Sale
$542,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

826 N Walnut St
Lansing, MI 48906
Old Forest


OVERVIEW

Introducing an investment opportunity in Lansing, MI. This 4,809 SF low-rise property, comprising 8 units, is an attractive prospect for multifamily investors. Built in 1965, this property boasts 100% occupancy, offering a stable income stream from day one. The units are well designed for comfort and convenience, ensuring tenant satisfaction. With its strong rental history and strategic location, this property presents a compelling opportunity for investors seeking a solid addition to their multifamily portfolio in the Lansing area. 4,809 SF building with finished garden level 8 total units - 5 One bedroom and 3 two-bedroom 100% occupied Built in 1965 Affordable entry point into the multifamily market

FOR SALE DETAILS

PRICE

$542,000 USD

PRICE/SF

$35 USD /SF

# OF UNITS

8

PRICE/UNIT

$67,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Living Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

Residential

APN/PARCEL ID

01-01-09-379-011

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.