1142 Lansing St | Adrian, MI 49221
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1142 Lansing St
Adrian, MI 49221
Kings Court Mobile Home Community · Multifamily Property For Sale · 115,000 SF
Investment Highlights
- The mobile home park has recently been redeveloped with new roads constructed throughout the property and is prepped for lease up.
- Current rents at the community are $385 which are under market for the area of ~$450.
- The property has convenient and quick access to US-223 and Beecher Street, both of which offer connection to Adrian, Detroit, Ann Arbor and Toledo.
- The subject property is currently located in Adrian's only opportunity zone.
- There are 110 vacant sites which after homes are placed can be leased up to stabilize the community.
- The Greater Detroit MSA boasts over 4.2 million residents and is home to numerous Fortune 500 companies such as General Motors.
PROPERTY FACTS
| No. Units | 123 | Building Size | 115,000 SF |
| Property Type | Multifamily | Average Occupancy | 11% |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 1986 |
| Lot Size | 9.39 AC | Parking Ratio | 0.21/1,000 SF |
| No. Units | 123 |
| Property Type | Multifamily |
| Property Subtype | |
| Building Class | C |
| Lot Size | 9.39 AC |
| Building Size | 115,000 SF |
| Average Occupancy | 11% |
| No. Stories | 1 |
| Year Built | 1986 |
| Parking Ratio | 0.21/1,000 SF |
PROPERTY TAXES
| Parcel Number | XA0-265-0015-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $512,600 |
PROPERTY TAXES
Parcel Number
XA0-265-0015-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$512,600
zoning
| Zoning Code | C-2 (RM-H) |
| C-2 (RM-H) |
Learn More About Investing in Apartment Buildings
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
