3501 Simken Dr
Lansing, MI 48910
Simken Apartments · Immeuble residentiel Propriété À vendre · 12 Unités

Introducing a well-maintained 12-unit multifamily investment property offering strong in-place performance and significant upside in one of the area’s most stable rental submarkets. This asset features a balanced mix of efficiently designed units, consistent occupancy history, and clean financials, making it an ideal opportunity for both seasoned investors and new entrants looking for predictable returns.
The property is professionally managed and has demonstrated reliable cash flow, supported by steady tenant demand and a historical occupancy rate near full capacity. Recent rent performance and market trends indicate clear potential for income growth, with achievable rents reaching $1,050 per unit across all 12 units. A stabilized 2026 pro forma reflects a healthy NOI and competitive cap rate at the property’s pricing, further reinforcing this asset’s investment strength.
Residents benefit from convenient access to local employment centers, retail corridors, and transit routes, contributing to low turnover and strong leasing velocity. The building structure and systems have been well cared for, providing low operational friction and efficient ongoing management.
This property is ideal for investors seeking:
• Turnkey multifamily income with strong in-place metrics
• Upside potential through rent alignment with current market levels
• Low vacancy risk supported by a tight local rental market
• Predictable long-term performance with manageable expenses
• An asset positioned for appreciation and stable cash flow
Whether added to an existing portfolio or acquired as a first multifamily investment, this 12-unit property provides a rare combination of stability, scalability, and value-add capability.