Lansing Apartments 2199 Lansing St 54 Unit Apartment Building $2,690,000 ($49,815/Unit) 11.38% Cap Rate Detroit, MI 48209

The Lansing Apartments presents the opportunity to acquire a 54-unit value-add multifamily asset located in Detroit’s rapidly improving Southwest submarket, just minutes from the new Riverside Park and Detroit Riverfront expansion project. The property offers immediate in-place cash flow with significant upside through the renovation and lease-up of remaining vacant units. Major capital improvements have already been completed, including roof, windows, structural, and mechanical upgrades, substantially reducing near-term capital expenditure requirements. Additionally, the offering includes an adjacent parcel with the potential to create 25+ parking spaces, enhancing functionality and long-term tenant appeal. Offered at an attractive basis relative to replacement cost and stabilized value, The Lansing Apartments provides investors with a compelling opportunity to capitalize on both operational upside and continued neighborhood growth.