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329-337 S Washington Sq 8 Unit Apartment Building $1,800,000 ($225,000/Unit) 9.88% Cap Rate Lansing, MI 48933
Executive Summary
3 location/longterm lease anchor tenant
Prime Downtown Lansing mixed-use asset
Hard corner visibility on S. Washington Square
9 residential apartment units
Prime Downtown Lansing mixed-use asset
Hard corner visibility on S. Washington Square
9 residential apartment units
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 18,700 SF |
| Cap Rate | 9.88% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1887/2007 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | C - Commercial | ||
| Price | $1,800,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 9.88% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 18,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1887/2007 |
| Parking Ratio | 0.64/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $725,400 | |
| Land Assessment | $54,500 | Total Assessment | $779,900 |
Property Taxes
Parcel Numbers
Land Assessment
$54,500
Improvements Assessment
$725,400
Total Assessment
$779,900
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329-337 S Washington Sq
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