909 E Jolly Rd | Lansing, MI 48910
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- LoopNet Team
909 E Jolly Rd
Lansing, MI 48910
Fully Occupied Atlantic Apartments · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- The Atlantic Apartments building is a 16-unit apartment complex located along Jolly Road in the prime market of Lansing, Michigan.
- Strong investment opportunity to acquire a fully leased asset with immense upside potential through renovation and rent increases.
- Premium access to a dense population of more than 300,000 people, with 47% renting as their primary form of housing.
- Ideal location along Jolly Road, one of the area's primary throughfares that sees more than 14,000 vehicles per day.
- Access to a strong market with improving fundamentals, including 4.8% rent growth with positive gains over the past five years.
PROPERTY FACTS
| No. Units | 16 | Building Size | 11,200 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2023 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Lot Size | 0.60 AC |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 11,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2023 |
| Parking Ratio | 1.79/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+0 | 16 | - | 700 |
PROPERTY TAXES
| Parcel Number | 01-01-34-355-131 | Improvements Assessment | $246,100 |
| Land Assessment | $64,000 | Total Assessment | $310,100 |
PROPERTY TAXES
Parcel Number
01-01-34-355-131
Land Assessment
$64,000
Improvements Assessment
$246,100
Total Assessment
$310,100
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