The 76 units is comprised of two buildings in the downtown Lansing area. Built in 1965 and 1966. Current occupancy is 94%. Historically the property has maintained a high level of occupancy. IPO has projected an NOI going forward of $311,692 based on approximate street (asking) rents and T12 expenses. Current average rent across the units is $710. However, when the complex is brought up to market, average rent increases to $895, with a projected NOI of $411,591. Capital Manor represents a well-located asset in downtown Lansing, poised for new ownership with a value-add mentality. Contact IPO to set up a confidential tour before it is gone.