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