Pine and Ionia Street Portfolio

Multi-Family for Sale
Also listed as Office
Catylist Listing ID: 29999309
Property Subtypes: Mixed Use, Other
Number of Units: 3 Units
Building Size (RSF): 6,205 SF
Gross Building Area: See Agent
Gross Land Area: 0.43 Acres
Sale Price: $345,000
Unit Price: $115,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/20/2017

Overview / Comments

Great investment opportunity three blocks from the State Capitol building in Downtown Lansing. The portfolio consists of three buildings totaling 0.43 acres of land. The portfolio consists of a four unit apartment building and two other buildings suitable for office or residential uses. Currently zoned a mixture of residential and commercial. This opportunity gives a small assemblage of properties in an infill location.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing
Tax ID/APN: 33-01-01-16-157-011; 33-01-01-16-157-091; 33-01-01-16-157-001
Zoning: COMMERICAL AND RESIDENTIAL
Property Located Between: Located less than half a mile south of I-69 and one mile north of I-496.
Total Number of Buildings: 3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,783 95,998 201,617
Median Age: 31.68 34.22 32.93
Households: 6,644 41,705 80,403

Contact

Photograph of Listing Agent

Christopher T. Miller

CBRE | Martin CPIX Member

Source

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