108 S Main St

Multi-Family for Sale
Catylist Listing ID: 30474885
Property Subtypes: Mixed Use
Number of Units: 12 Units
Building Size (RSF): 7,396 SF
Gross Building Area: See Agent
Sale Price: $795,900
Unit Price: $66,325 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2020

Overview / Comments

It's 1031 Exchange time! What a tremendous opportunity to invest into these 2 Historical buildings in Downtown Leslie! They both have been recently renovated with the upmost taste and craftmanship starting with the 8 totally renovated loft apartments. All are 1 Bed 1 bath open concept lofts with their own unique floor plans, original hardwoods, 12 ft ceilings and plenty of storage. Both consist of Retail space on the first floor as well as extra storage in the basements. Currently all Retail and Loft Apartments are at 100% occupancy rate. NDA required for Rent Rolls, Leases, Financials etc. List Agent will be at All showings.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 33-17-14-28-201-013
Property Located Between: W Bellevue St & S Main St
Highway Access: U.S. 127
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 16
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 108 S. Main, LLC Parcel ID#: 33-17-14-28-201-013 Legal: LSV-98 S 16 FT OF E 120 FT LOT 1 ALSO N 22.42 FT OF E 120 FT LOT BLK 7 SEC 28 CITY OF LESLIE T1NR1W 114 S. Main, LLC Parcel ID#: 33-17-14-28-201-014 Legal: LSV-99 S 43 FT N OF E 8 RD OF LOT 2 EXC W12 FT BLOCK 7 CITY OF LESLIE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,237 4,240 7,100
Median Age: 36.64 39.54 41.53
Households: 839 1,582 2,717


Photograph of Listing Agent

Tim Sabrosky

CPIX Member
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