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401 E Willard Ave
Lansing, MI 48910
Willard Apartments · Multifamily Property For Sale
·
18 Units
Executive Summary
11,042 SF 2-story brick apartment building with 18 units and 30 parking spaces. 94.44% occupied. Located in densely populated area off Cedar and near shopping. Call list broker for offering memorandum.
Property Facts
| Price Per Unit | $91,249 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 8.66% | Building Size | 11,042 SF |
| No. Units | 18 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 1.67/1,000 SF |
| Zoning | DM-4 - Residential - Multiple | ||
| Price Per Unit | $91,249 CAD |
| Sale Type | Investment |
| Cap Rate | 8.66% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 11,042 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | DM-4 - Residential - Multiple |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Laundry Service
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 520 |
| 2+1 | 8 | - | 715 |
Property Taxes
| Parcel Number | 01-01-28-403-111 | Improvements Assessment | $440,180 CAD |
| Land Assessment | $97,848 CAD | Total Assessment | $538,028 CAD |
Property Taxes
Parcel Number
01-01-28-403-111
Land Assessment
$97,848 CAD
Improvements Assessment
$440,180 CAD
Total Assessment
$538,028 CAD
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