New Listing: 6 Unit Apartment Building on Lansing’s South Side

Lansing Apartment Building For Sale Matt Wisniewski CCIM

Lansing Apartment Building For Sale Matt Wisniewski CCIM

This 6 unit apartment building was built by the current owner in 1971. The property feature 2, two bedroom units of 800 Sq Ft, 2 two bedroom units of 900 Sq Ft and 2 one bedroom units of 710 Sq Ft.
All six apartments have fireplaces.
Heat is central, gas fired boiler, paid by the Landlord.
Hot water is provided by 3 hot water heaters which are gas fired and paid by the owner.
Updates include the roof (5 years +/-) Parking Lot (7 years +/-) and 3 new water heaters in 2012.
Coin operated laundry is located in lower common area of the building.

 

Offered at $129,500 representing a 12.85 cap rate

 

For more details, call Matt Wisniewski of RE/MAX Commercial Group today:

517-321-2800 Ext 118

RE/MAX Commercial Group

300 W Lake Lansing Rd

East Lansing, MI 48823

www.rcgmichigan.com

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RE/MAX Commercial Group is the Michigan commercial franchise of RE/MAX International focused entirely on commercial real estate sales, leasing and management. With associates and affiliates across the state and around the world, RE/MAX Commercial Group can help you achieve your real estate goals.
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