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4601 S Martin Luther King Jr Blvd

8 Unit Apartment Building $440,000 ($55,000/Unit) Lansing, MI 48910

Apartment Buildings Michigan Lansing 4601 S Martin Luther King Jr Blvd, Lansing, MI 48910

Investment Highlights

  • Individual Entrances.
  • All Two Bedroom, One Bath Units.
  • In Place Rents are $125-$150 Below Market Rents.
  • In Unit Washer and Dryer Hookups.
  • Walk Out Sliding Glass Doors.
  • Opportunity Zone Location.

Executive Summary

Multifamily property available for sale in Lansing, MI.

Attachments

Multifamily_Sale_Flyer

Property Facts

Price $440,000 Building Class C
Price Per Unit $55,000 Lot Size 0.51 AC
Sale Type Investment Building Size 6,400 SF
No. Units 8 No. Stories 1
Property Type Multifamily Year Built 1969
Property Subtype Apartment Parking Ratio 2.5/1,000 SF
Apartment Style Low Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $440,000
Price Per Unit $55,000
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.51 AC
Building Size 6,400 SF
No. Stories 1
Year Built 1969
Parking Ratio 2.5/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Kitchen
  • Tub/Shower
  • Carpet
  • Lawn
  • Patio

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 8 - 780
1 of 1

PROPERTY TAXES

Parcel Number 01-01-32-476-003 Improvements Assessment $117,900
Land Assessment $32,000 Total Assessment $149,900

PROPERTY TAXES

Parcel Number
01-01-32-476-003
Land Assessment
$32,000
Improvements Assessment
$117,900
Total Assessment
$149,900

zoning

Zoning Code CUP
CUP
(248) 848-4123

  • Listing ID: 32199177

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: 4601 S Martin Luther King Jr Blvd, Lansing, MI 48910

More public record information on 4601 S Martin Luther King Jr Blvd, Lansing, MI 48910

The Southern Lansing Multifamily Property at 4601 S Martin Luther King Jr Blvd, Lansing, MI 48910 is currently available. Contact Friedman Real Estate for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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4601 S Martin Luther King Jr Blvd
(248) 848-4123 x

4601 S Martin Luther King Jr Blvd

Paul Russo

(248) 848-4123

(248) 848-4123

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