Updated over 7 years ago on . Most recent reply
8 Unit Apartment, 2BR/1BA Units, $550/mo, Value Add, Lansing, MI
4601 S Martin Luther King Jr Blvd., Lansing, MI 48910 (ASKING $294,380)
**CASH DEAL**
- 8 Units, 2/1's, 780+ Square feet per unit.
- Fully occupied at $550/mo.
- Room to increase rents to $650 with minor cosmetic renovations. Local comparable rents $650-$800.
- Priced at even 10 CAP, asking $294,380. ARV after increases $343,200 at 10 CAP.
- Current NOI 55%.
- New roof & driveway.
**This apartment building is fully occupied, please don't disturb tenants**
Offering