4601 S Martin Luther King Jr Blvd 8 Unit Apartment Building $425,000 ($53,125/Unit) 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.
PROPERTY FACTS
| Price | $425,000 |
| Price Per Unit | $53,125 |
| 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 |
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 |
ZONING
| Zoning Code | CUP |
