8 Unit, 100% Occupied Multi-Family For Sale

Multi-Family for Sale
Catylist Listing ID: 30761134
Property Subtypes: Mid-Rise
Number of Units: 8 Units
Building Size (RSF): 5,876 SF
Gross Land Area: 0.55 Acres
Sale Price: $549,000
Unit Price: $68,625 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.48%
Average Occupancy Rate: 100
Last Updated: 1/12/2023

Overview / Comments

(8) 2 Bed, 1 bath units. Well maintained Multifamily property with several capital improvements made within the last year. Each unit is separately metered for Electric, Gas, and Water. Each unit also comes with a Mini Split HVAC system, which minimizes the landlord’s expenses. On site coin laundry.

Attachments & Media

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 33-01-01-31-351-131

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,450 70,209 164,680
Median Age: 32.04 36.03 35.52
Households: 4,226 29,384 70,556


Photograph of Listing Agent

Mojahed Abubars

Insite Commercial
CPIX Member
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