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Lansing Apartments 2 Multifamily Properties Offered at $2,095,950 in Lansing, MI


Investment Highlights
- Immediate In-Place Income Stream
- Strong Proximity to Major Employment & Education Hubs
- Desirable 2 Bed/1 Bath Unit Mix
- Portfolio Scale (24 Units Across Two Properties)
Executive Summary
Portfolio offers dayone cash flow supported by an established tenant base and proven occupancy history. Investors benefit from immediate revenue with the ability to quickly capture additional NOI through lease-up of the remaining vacant unit and continued rent optimization over time. The property features a highly sought-after 2-bedroom, 1-bathroom unit configuration that appeals to workforce housing tenants, roommates, and small families. This unit mix historically supports strong occupancy, longer tenant retention, and consistent demand across varying economic cycles. The portfolio benefits from convenient access to major employment drivers including the State of Michigan offices, Michigan State University, regional healthcare systems, and surrounding commercial corridors. These employment and education anchors provide a stable renter pool and contribute to long-term housing demand in the Lansing metro. Opportunity to acquire two multifamily assets in a single transaction, providing immediate scale and diversified income streams across multiple buildings. Portfolio ownership allows for operational efficiencies, shared management resources, and improved expense control through economies of scale.
Property Facts
| Price | $2,095,950 | Number of Properties | 2 |
| Price / SF | $106.13 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 19,749 SF |
| Sale Type | Investment | Total Land Area | 1.70 AC |
| Status | Active |
| Price | $2,095,950 |
| Price / SF | $106.13 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,749 SF |
| Total Land Area | 1.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 946 Vincent Ct, Lansing, MI 48910 | Multifamily | 13,349 SF | 1969 | - |
| 4601 S Martin Luther King Jr Blvd, Lansing, MI 48910 | Multifamily | 6,400 SF | 1969 | - |
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