248-394-0000
1629 E Michigan Ave, Lansing, MI for Sale
Apartments - FOR SALE
1/26
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1629 E Michigan Ave
Lansing, MI 48912


HIGHLIGHTS

  • 13 Apartment Units
  • 2 Retail Spaces - Currently Leased
  • Additional properties available on Michigan Avenue as part of Portfolio

OVERVIEW

Global Real Estate Advisors are pleased to present the exclusive offering of Avenue Flats in Lansing, MI. This four-story building was originally constructed in 2012. Avenue Flats consists of 13 apartments units featuring 4 studio units, 7 one-bedroom units and 2 two-bedroom units totaling 8,422 square feet. The property features tenant paid electricity, with the landlord paying for water & sewer. The current owner has implemented a utility reimbursement program for water which will allow a new owner to continue to increase revenue as the program is rolled out across all leases. The property also includes 2 retail units totaling 3,274 square feet, both currently leased. The Avenue Flats is close to the Michigan State University Campus, the Michigan Capital building, plenty of restaurants, grocery stores, childcare and other businesses in Lansing. Visit our website at https://grea.com/properties/avenue-flats/ for more information including a full offering memorandum. This property is available individually or part of the Michigan Avenue Portfolio - Click to view more information on the portfolio opportunity - https://grea.com/properties/michigan-avenue-portfolio/

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

13

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avenue Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2012

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

Residential

APN/PARCEL ID

01-01-15-279-091

ASK ABOUT THIS PROPERTY

248-394-0000

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248-394-0000

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