LANSING APARTMENTS Multi-Family FOR SALE


Lansing, MI - Old Everett
$1,886,480 USD
248-776-6001
, Lansing, MI for Sale
$1,886,480 USD
Multi-Family - FOR SALE
1/7
null | 7.5% Cap Rate

LANSING APARTMENTS
Lansing, MI
Old Everett


HIGHLIGHTS

  • 24-unit multifamily portfolio across six buildings.
  • 100% occupied with in-place income stream.
  • Offered at a 7.50% cap rate.
  • Consistent two-bedroom, one-bath unit mix.
  • Renovated in 2025 with operational upside potential.
  • Near major Lansing employment and education centers.

OVERVIEW

Vincent Manor Apartments presents an opportunity to acquire a 24-unit multifamily portfolio in Lansing, Michigan's capital city, offering immediate cash flow and operational scale across two adjacent apartment properties. The portfolio consists of six buildings featuring a consistent two-bedroom, one-bathroom unit mix that has historically appealed to workforce housing tenants, small families, and roommates seeking affordable housing options within the Lansing market. The property is currently 100% occupied and generates an in-place net operating income of $141,486, providing investors with immediate revenue from an established tenant base. Recent renovations completed in 2025 position the asset for continued performance while creating opportunities to further enhance income through operational efficiencies and future rent growth. The portfolio's scale allows for streamlined management, maintenance efficiencies, and expense control across multiple buildings within a single investment. Located along South Martin Luther King Jr. Boulevard, the property benefits from convenient access to major employment drivers including the State of Michigan, Michigan State University, regional healthcare systems, and surrounding commercial corridors. Lansing's diversified economy, anchored by government, healthcare, education, insurance, and professional services, continues to support long-term apartment demand and a stable renter population. Offered at $1,886,480, the portfolio provides investors with a 7.50% cap rate and an attractive entry point into a market supported by institutional employers, ongoing redevelopment activity, and consistent housing demand.

ASK ABOUT THIS PROPERTY

Andrew RoyeAQRE AdvisorsMore Info
248-776-6001

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Andrew RoyeAQRE AdvisorsMore Info
248-776-6001

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