This property is Off-Market

633 E Jolly Rd
Lansing, MI 48910 ·

15,000 SF · Retail For Sale

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Lansing Center

Price N/A Property Use Type Investment
Gross Leasable Area 15,000 SF Cap Rate 10%
Property Type Retail Tenancy Single
Property Sub-type
Strip Center
More...
  • Garden/Low-Rise
  • Office Building
  • Street Retail
Year Built 1980
Listing ID: 14351575 Date Created: 09/29/2005 Last Updated: 12/04/2007

Description

This property consist of 6 businesses and 7 apartment units. appartments are fully leased, 3out of 6 off the stores are rented. NOI now with 3 vacancies is: $56,800 CAP rate 10%
Situated near the university on main street. With CASH deal Price will be adjusted. Absentee Owner
When the other 3 units are rented,GI Income will be: $114,000. and the NOI will be $94,000 Then you will have a money machine at your disposal.

Main street location...close to Hways..Dontown.

Highlights

  • Great income
  • Big potential
  • up scale investement
  • 11% CAP

Research

633 E Jolly Rd, Lansing, MI 48910 (Ingham County)

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