$1,250,000
$1,300,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
17 Beds
10,218 SqFt
SOLD DATE : 08/31/2022
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Apartments,Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 10,218 sqft
Price per Sqft $122
MLS Listing ID 2220000350
Sold Date 08/31/22
Bedrooms 17
Originating Board Realcomp II Ltd
Year Built 1970
Annual Tax Amount $22,241
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 202 x 110
Property Description
Great investment opportunity! 2 buildings included: 17 unit, fully occupied apartment building and free standing Day Care Center* Most tenants are long term*
Below market rent rates* Very good tenants* Approx 8% CAP* Building has many recent improvements including pitched roof, vinyl windows, newer asphalt parking area, security cameras*
Prime location in central Lansing, next to city park*
Extremely well maintained*
Location
State MI
County Ingham
Area Lansing
Zoning Commercial,Multi-Family,Office
Direction On S Pennsylvania
Interior
Heating Baseboard
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Asphalt
Road Frontage Class A
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 2 Story
Structure Type Brick
Schools
School District Lansing
Others
Tax ID 33010127356201
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2015
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with RE/MAX Classic
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Managing Partner | License ID: 6506046014
280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States