Apartment Buildings /MI /Lapeer County /Lapeer /315 E Nepessing St
Apartment Buildings /MI /Lapeer County /Lapeer /315 E Nepessing St

315 E Nepessing St - Apartments FOR SALE


Lapeer, MI 48446 | 
$700,000 USD
248-476-3700
315 E Nepessing St, Lapeer, MI for Sale
$700,000 USD
Apartments - FOR SALE
1/1
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315 E Nepessing St
Lapeer, MI 48446

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HIGHLIGHTS

  • 6-Unit Apartment Complex (3 x 1-Bdrm & 3 x 2-Bdrm)
  • 100% Occupied w/ Annual Leases
  • All Units Remodeled as of July 2024
  • Purchased 2023 - Taxes Uncapped within last 12 Months. Should Minimize Increase on Future Purchase
  • Walkable to Downtown Lapeer
  • Additional Room to Increase Rents to Market Rate

OVERVIEW

6-unit apartment building consisting of Three 1 Bedrooms and Three 2 Bedrooms. Interior and exterior renovations completed in 2022.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

6

PRICE/UNIT

$116,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,061 SF

ZONING

RM-1 M

APN/PARCEL ID

L21-40-109-040-00

ASK ABOUT THIS PROPERTY

Joseph EvangelistaThomas Duke CompanyMore Info
248-476-3700

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Joseph EvangelistaThomas Duke CompanyMore Info
248-476-3700

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