REO- Vincent Court Apartments | 946 Vincent Ct
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REO- Vincent Court Apartments 946 Vincent Ct
16 Unit Apartment Building $1,000,000 ($62,500/Unit) Lansing, MI 48910
Investment Highlights
- Fully Upgraded Units (most units)
- Averaging Near 100% Occupancy
- Units are on Average $125-$150 Below Market
Executive Summary
The REO-Vincent Court Apartments consists of (16) two bed one baths units averaging 800 SF. Each unit is individually metered for water, gas and electricity while tenants are responsible for all utility costs. Residents are able to enjoy fully updated units, stainless steel appliances, new kitchens, new flooring etc. Each unit also boasts individual entrances, washer/dryer hook-ups, and dishwashers.
Property Facts
| Price | $1,000,000 | Lot Size | 1.19 AC |
| Price Per Unit | $62,500 | Building Size | 13,349 SF |
| Sale Type | Investment | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $1,000,000 |
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 13,349 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 2.55/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
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PROPERTY TAXES
| Parcel Number | 01-01-32-476-031 | Improvements Assessment | $271,000 |
| Land Assessment | $64,000 | Total Assessment | $335,000 |
PROPERTY TAXES
Parcel Number
01-01-32-476-031
Land Assessment
$64,000
Improvements Assessment
$271,000
Total Assessment
$335,000
zoning
| Zoning Code | MF (Multi Family) |
| MF (Multi Family) |
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REO- Vincent Court Apartments | 946 Vincent Ct
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