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826 N Walnut St
Lansing, MI 48906
Walnut Living Apartments · Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Introducing an investment opportunity in Lansing, MI. This 4,809 SF low-rise property, comprising 8 units, is an attractive prospect for multifamily investors. Built in 1965, this property boasts 100% occupancy, offering a stable income stream from day one. The units are well designed for comfort and convenience, ensuring tenant satisfaction. With its strong rental history and strategic location, this property presents a compelling opportunity for investors seeking a solid addition to their multifamily portfolio in the Lansing area.
4,809 SF building with finished garden level
8 total units - 5 One bedroom and 3 two-bedroom
100% occupied
Built in 1965
Affordable entry point into the multifamily market
4,809 SF building with finished garden level
8 total units - 5 One bedroom and 3 two-bedroom
100% occupied
Built in 1965
Affordable entry point into the multifamily market
PROPERTY FACTS
| Price Per Unit | $93,423 CAD | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 15,420 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low-Rise | Parking Ratio | 1.66/1,000 SF |
| Building Class | C | ||
| Zoning | Residential - Residential Zoned Property | ||
| Price Per Unit | $93,423 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 15,420 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | Residential - Residential Zoned Property |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Maintenance on site
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 700 |
| 2+1 | 1 | - | 850 |
PROPERTY TAXES
| Parcel Number | 01-01-09-379-011 | Improvements Assessment | $153,353 CAD |
| Land Assessment | $45,104 CAD | Total Assessment | $198,456 CAD |
PROPERTY TAXES
Parcel Number
01-01-09-379-011
Land Assessment
$45,104 CAD
Improvements Assessment
$153,353 CAD
Total Assessment
$198,456 CAD
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