Historical Multifamily Sale Listing - Apple Terrace - Lansing 12 Unit Lowrise

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Apple Terrace - Lansing 12 Unit Lowrise

1820 Lyons, Lansing, MI 48910

N/A

12 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
12
Building Size:
7,978 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
4%
Cap Rate:
10.40%
Gross Rent Multiplier:
4.63
No. Stories:
2
Year Built:
1965
Lot Size:
0.41 AC
Listing ID
17145645
Last Updated
over 1 year ago

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

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

Map of 1820 Lyons, Lansing, MI 48910 (Ingham County)

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Created 5/4/2011