Pine Street is comprised of a 35-unit apartment complex in the downtown Lansing area with another 4 units contained in 3 houses, which are concentrated next to the apartment building. Current occupancy is 97% and historically the property has maintained a high level of occupancy. IPO has projected an NOI going forward of $178,039 based on approximate street (asking) rents and T12 expenses. Current average rent across the units is $757. However, when the complex is brought up to market average rent increases to $916. Pine Street 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.