Lansing 15-Asset Scattered Site 14 Multifamily Properties Offered at $1,399,800 in Lansing, MI

Residential Income Portfolio | 15 Properties | Offered at $1,400,000 13 Single-Family Residences & 2 Triplexes | 19 Total Units | Professionally Managed
We are pleased to present for acquisition a stabilized residential income portfolio comprising thirteen single-family residences and two triplex properties, representing seventeen total rental units. The portfolio was assembled in December and has since been brought to 99% occupancy under continuous professional management. Valuation & Pricing An independent appraisal conducted at the time of acquisition established the portfolio's market value at $1,600,000. The portfolio is being offered at $1,400,000, representing a $200,000 discount to appraised value.
The motivation for this pricing is straightforward:
The seller has identified a 1031 exchange opportunity of compelling strategic merit, and the timeline associated with that transaction necessitates a prompt disposition of this portfolio. There are no deferred maintenance concerns, title complications, or operational issues driving this decision — the discount is entirely a function of the seller's capital redeployment objectives.
Property Condition & Market Position
The residences are in fair condition and situated in established, stable neighborhoods consistent with reliable long-term rental demand. The portfolio represents the type of durable, income-producing residential stock that institutional and private investors alike seek for steady cash flow and tenant retention. Properties have been priced and managed with occupancy and performance as the primary objectives. Management & Reporting Professional property management has been in place since the date of acquisition in December, providing the incoming owner with documented operational history, established tenant relationships, and a seamless management transition. Reporting, lease documentation, and financial records are available for qualified buyer review during due diligence. Investment Highlights • 19 income-producing units across 15 properties • 99% occupied at time of offering • Appraised value of $1,600,000 — offered at $1,400,000 • $200,000 in verifiable, day-one equity • Professional management in place with full reporting history • Stable neighborhoods with consistent rental demand • No lease-up risk — portfolio is fully stabilized Summary This offering presents a qualified investor with the uncommon opportunity to acquire a fully stabilized, professionally managed residential portfolio below independently established market value. The seller's position is motivated entirely by a time-sensitive 1031 exchange, and the resulting pricing reflects a genuine transfer of equity to the acquiring party. For an investor seeking immediate cash flow, verified value, and an operationally ready asset, this portfolio warrants serious consideration. Available upon execution of a non-disclosure agreement: full rent rolls, financial statements, lease documentation, appraisal, and property-level detail.