Listing Courtesy of: Benjamin Parker - Apex Appraisal Company LLC
517-487-0611
$2,019,000
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906 & 911 Shiawassee Street Unit 906 & 91 Lansing, MI 48912
Other
Residence
Beds
Baths
5,589
Sq. Ft.
27144
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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This project features two buildings across the street from each other, situated between the UM/Sparrow Campus and Neogen. At 906 E Shiawassee, there are 22 units, including 16 spacious one-bedroom, one-bath apartments and six two-bedroom, one-bath apartments. Meanwhile, 911 E Shiawassee holds eight ...units, comprising seven one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. Currently, both buildings on E Shiawassee maintain a 100% physical occupancy and have consistently performed above market expectations for several years. Beyond occupancy, the property stands out for achieving improved rents on both renewals and new leases, despite current rents being significantly below market. E Shiawassee is a well-positioned asset near downtown Lansing, ready for new ownership with a value-add approach. Landlord pays water, sewer and heat. Tenant pays electric.
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MLS#
284509
Property Type
Other
Year Built
1966
Square Feet
5,589
sq. ft
Lot Size
27144
Stories
2.0
Sewer
Public Sewer
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