909 E Jolly Rd - Apartments FOR SALE
Lansing, MI 48910 |
909 E Jolly Rd
Lansing, MI 48910
HIGHLIGHTS
- The Atlantic Apartments building is a 16-unit apartment complex located along Jolly Road in the prime market of Lansing, Michigan.
- Ideal location along Jolly Road, one of the area's primary throughfares that sees more than 14,000 vehicles per day.
- Strong investment opportunity to acquire a fully leased asset with immense upside potential through renovation and rent increases.
- Access to a strong market with improving fundamentals, including 4.8% rent growth with positive gains over the past five years.
- Premium access to a dense population of more than 300,000 people, with 47% renting as their primary form of housing.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Fully Occupied Atlantic Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
11200
STORIES
2
YEAR BUILT
1963
PARKING SPACES
20
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
01-01-34-355-131
