318 W Grand River Ave | Lansing, MI 48906
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- LoopNet Team
318 W Grand River Ave
Lansing, MI 48906
Lansing Apartments · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- 6 of 14 Units have Balconies
- Value-Add Utilizing Strategic Management
- Deferred Maintenance Value-Add Opportunity
- Implementing a RUBS Program to Offset Utility Costs
PROPERTY FACTS
| No. Units | 14 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 9,350 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Zoning | F-COMM | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,350 SF |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | F-COMM |
AMENITIES
UNIT AMENITIES
- Balcony
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
SITE AMENITIES
- Walking/Biking Trails
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | $695.00 | 650 - 700 |
| 1+1 | 2 | $597.50 | 600 - 650 |
PROPERTY TAXES
| Parcel Number | 01-01-09-326-081 | Improvements Assessment | $150,300 |
| Land Assessment | $52,000 | Total Assessment | $202,300 |
PROPERTY TAXES
Parcel Number
01-01-09-326-081
Land Assessment
$52,000
Improvements Assessment
$150,300
Total Assessment
$202,300
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