2199 Lansing St - Apartments FOR SALE


Detroit, MI 48209
$4,428,000 USD
248-563-7100
2199 Lansing St, Detroit, MI for Sale
$4,428,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

2199 Lansing St
Detroit, MI 48209


OVERVIEW

Introducing a value-add investment opportunity in the heart of Detroit, MI: This multifamily mid-rise property at 2199 Lansing St. offers 36,009 SF of space, with 45 units, making it a promising asset for prospective investors. Built in 1925 and currently under some renovations, the property boasts a timeless appeal coupled with modern conveniences. Zoned CM, it presents versatile possibilities for development. With a 50% occupancy rate, there is significant potential for growth and increased returns. Don't miss the chance to capitalize on this sought-after asset in a thriving market, offering an ideal blend of history, charm, and future prosperity.

FOR SALE DETAILS

PRICE

$4,428,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

54

PRICE/UNIT

$82,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lansing Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

CM

APN/PARCEL ID

16-000961

ASK ABOUT THIS PROPERTY

Tony FayneColliersMore Info
248-563-7100

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Tony FayneColliersMore Info
248-563-7100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.