Historical Retail Sale Listing - Lansing Center

Retail For Sale

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Lansing Center

633 E Jolly Rd, Lansing, MI 48910

N/A

15,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
15,000 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Garden/Low-Rise
Office Building
Street Retail
Property Use Type:
Investment
Cap Rate:
10%
Tenancy:
Single
Year Built:
1980
Listing ID
14351575
Last Updated
over 1 year ago

Highlights

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

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.

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

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

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