Back to search
1234 Portfolio Lansing, MI $ 1,700,000
Share Save
$ 1,700,000 Get more info
1234 Portfolio
$ 1,700,000
Back to search
Recently Listed
Share Save

1234 Portfolio

Lansing, MI, 48910
$ 1,700,000
Baths19.0 Sq 13,908

Monthly Estimate*

$ 11,299

1234 Portfolio, Lansing, MI 48910 - Image 1
1234 Portfolio, Lansing, MI 48910 - Image 2
1234 Portfolio, Lansing, MI 48910 - Image 3
Studio

Commercial Property for sale in Lansing, MI

for $1,700,000 with 19 full baths. This 13,908 square foot building was built in 1900 on a lot size of 2.

This is a 17 unit, 16 property portfolio of 1 duplex and 15 single family homes. Most of the properties are in the East side neighborhood of Lansing. 1 Home is in Mason and 1 Home is downtown. This portfolio is performing at an 8.8% CAP rate. All properties were acquired and renovated within the last 8 years and are in excellent condition. There is still some value-add opportunity to raise rents on 4 units and if desired a few could be improved to maximize resale. An ideal strategy would be to acquire the portfolio and sell 2-4 properties at market value and be net zero into the package with excellent cash flow and amazing equity growth. All reasonable offers are considered.

See more
Commercial Active

Price

$ 1,700,000

Bedrooms

Studio

Full Bath

19

Property Type

Commercial

Taxes

$ 44,553

Style

Lot Size

2

Year Built

1900

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

280620
Features
General
Sewer Public Sewer
Heating See Remarks
Cooling Varies by Unit
Utilities Water Connected Sewer Connected Natural Gas Connected Electricity Connected
Roof Shingle
Appliances Refrigerator Range Oven
Architectural Style Other
Pool Features See Remarks
Construction Materials Vinyl Siding Wood Siding
Year Built 1900
Electric 100 Amp Service
Township Lansing City
Levels Multi/Split
Property SubType Commercial Sale
Tax Year 23
Gross Income 228720.0
Business Type Residential
County Ingham
Net Operating Income 150378.44
Insurance Expense 11346.63
New Construction N
Property Type Commercial Sale
Subdivision Name None
Garage Y/N N
Other Structures See Remarks
Status Active
Directions See Attachments
City Lansing
Buyer Agent Compensation 0.00
View Y/N N
High School District Lansing
Total Units 17
Lot Size Square Feet 87120.0
Waterfront Y/N N
Carport Y/N N
Street Name Portfolio
Land Lease Y/N N
Tax Annual Amount 44553.9
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Lansing
Tax Assessed Value 690480
Buyer Agent Compensation Type $
Legal Description See Attachments
Senior Community None
See more
Interior
Basement Full
Flooring See Remarks
Basement (Y/N) N
Air Conditioning Y/N Y
Above Grade Finished Area 13908.0
Laundry Features See Remarks
Entry Level 1
Electric On Property Y/N N
Total Baths 19
See more
Exterior
Fencing See Remarks
Parking Features See Remarks
Lot Features City Lot
Water Source Public
Lot Size Area 2.0
Building Area Total 13908.0
Lot Dimensions irr x irr
Lot Size Acres 2.0
Lot Size Units Acres
Foundation Area 13908.0
Road Frontage Type City Street
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 1234
See more
* Excluded Features
List By
Christopher Silker

Listing Agent

Keller Williams Realty Lansing-East

Broker

csilker@kw.com

Email

Affordability Calculator

$15,011
Per Month
75%
25%
0%
Monthly Principal & Interest
$11,299
Monthly Property Taxes
$3,713
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2075809 Elementary School
2075905 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/15/2024$1,700,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

1234 Portfolio, Lansing, MI, 48910 is a Commercial Property for sale at $1,700,000 with 13,908 sqft and a lot size of 2. 1234 Portfolio is a studio with 19.0 baths and was built in 1900. The property's zip code is 48910 which is in Lansing, MI

Get more info