This Multifamily Property is Off-Market.

1820 Lyons
Lansing, MI 48910 ·

12 Units · Multifamily For Sale

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Apple Terrace - Lansing 12 Unit Lowrise

Price N/A Commission Split 4%
No. Units 12 Cap Rate 10.40%
Building Size 7,978 SF Gross Rent Multiplier 4.63
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise Year Built 1965
Property Use Type Investment Lot Size 0.41 AC
Listing ID: 17145645 Date Created: 05/04/2011 Last Updated: 07/22/2013

Description

Apple Terrace is a low rise 12 unit located in Lansing's South side just East of Cedar Street at Lyons and Mt Hope Rd. The property has 11, 2 bedroom units and 1, 1 bedroom unit. The 12 unit complex features boiler heat and is included in the rent as is water, sewer and trash removal. A coin washer dryer in the building generates additional income .

Between Cedar and Pennsylvania, Just north of Mt Hope

Highlights

  • Nice 12 unit in Lansing's Southside
  • Strong rental history
  • Easy Access to I-496 and Downtown Lansing - State Government
  • 11 Two Bed Units, 1 One Bed Unit

Research

1820 Lyons, Lansing, MI 48910 (Ingham County)

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