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, Refrigerator


Basement: Full
Exterior: Vinyl Siding, Wood Siding
Roof: Shingle


Sewer: Public Sewer
Lot Size: 2.0 acres
Parcel #: 33-01-01-14-327-062
Zoning: Residential
Tax Authority: Lansing City
Taxes: $44,554
State Equalized Value: $690,480
Subdivision: None
County: Ingham


Date List Price Status
06/24/24 For Sale
05/15/24

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Map of 1234 Portfolio Lansing, MI 48910


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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