1234 Portfolio
Lansing, MI 48910
Off Market
This is a 17 unit, 16 property portfolio of 1 duplex and 15 single family homes. Most of the properties are in the East side neighborhood of Lansing. 1 Home is in Mason and 1 Home is downtown. This portfolio is performing at an 8.8% CAP rate. All properties were acquired and renovated within the last 8 years and are in excellent condition. There is still some value-add opportunity to raise rents on 4 units and if desired a few could be improved to maximize resale. An ideal strategy would be to acquire the portfolio and sell 2-4 properties at market value and be net zero into the package with excellent cash flow and amazing equity growth. All reasonable offers are considered.
Key Features of 1234 Portfolio, Lansing, MI 48910
Property Type
Commercial Sale
Year Built
1900
Heating
See Remarks
MLS Number
280620
Time on Market
6 Months
Appliances
Oven, Range, RefrigeratorBuilding Features More
Room Dimensions More
Property Features More
Schools More
School District: Lansing
Price and Status History More
| Date | List Price | Status |
|---|---|---|
| 06/24/24 | For Sale | |
| 05/15/24 |
Map of 1234 Portfolio Lansing, MI 48910
Similar Properties Nearby See All 948 Properties
Recently Sold Properties Nearby See All 51181 Properties
Copyright Greater Lansing Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
Listing provided by Christopher Silker, Keller Williams Realty Lansing-East, 3490 Belle Chase Way, Lansing, MI 48911