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    6-Unit Renovated Apartment Building
    Updated: Jun 18, 2024
    6-Unit Renovated Apartment Building

    315 E Nepessing St, Lapeer, MI 48446

    $700,000
    4,850 sqft
    6‑unit apartment building with three 1‑bedroom and three 2‑bedroom apartments
    100% occupied with annual leases
    Interior and exterior renovations completed in 2022
    Walkable to downtown Lapeer
    Close to freeway access
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    This listing looks promising.

    Here's a quick look at some key insights for

    315 E Nepessing St, Lapeer, MI 48446

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $630K
      Suggested

    • Last Sold

      Nov 2021
      $35K

    • Property Type

      Apartments (Generic)
      Built 1985
    View Property Analytics
    Based on your search, we've compiled 1 Potential Opportunities for your consideration. Besides 1 Active listings in Lapeer County, MI, we suggest exploring several alternatives:

    Lapeer County, MI Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Lapeer County, MI on our real estate platform. These investment opportunities span a total of 4,850 square feet of properties for sale, with an estimated market value of $700,000.

    Sale prices for two-family homes in Lapeer County, MI average $700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Featured Lapeer County Real Estate Agencies

    Realmo connects you with licensed Lapeer County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Real Estate One Gardner & Associates
    1101 S Lapeer Rd Lapeer, MI 48446
    Phone: 18104991337
    www.reogardner.com
    Exit Realty Group
    489 W. Nepessing St Lapeer, MI 48446
    Phone: 18102452600

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