FAQs about Apartment Buildings for Sale in Lake City
How many Apartment Building listings are available for sale in Lake City?
Currently, there are 0 Apartment Building listings for sale near Lake City, MI. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Lake City?
The average price per square foot for Lake City apartment buildings for sale is about $102.
When available, the price of these buildings in Lake City, MI varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Lake City, MI varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Lake City?
The average size of apartment buildings for sale in Lake City, MI is approximately 9,848 SF. The largest building available is 13,141 SF and the smallest is 6,554 SF.
What is the average cap rate for Multi-family Properties in Lake City?
Cap rates for apartment buildings in Lake City, MI typically range between and , with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Lake City?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Lake City, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Lake City, MI.
Depending on the location within the city of Lake City, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Lake City, MI.
