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    Mayfield, MI Metamora, MI Attica, MI Columbiaville, MI Lake, MI Davison, MI North Branch, MI Goodrich, MI
    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
    View details

    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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Lapeer, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated 11-Unit Studio Apartment Building
    Renovated 11-Unit Studio Apartment Building

    566 E Columbia Ave, Pontiac, MI 48340

    $725,000
    3,603 sqft

    Fully renovated studios feature private entries, kitchens, and baths, with private off-street parking and a detached 3-car garage.

    View details
    Mixed-Use Property with Retail
    Mixed-Use Property with Retail

    Flint, MI 48506

    $600,000

    Nine residential units plus two retail spaces available for sale.

    View details
    6-Unit Multifamily Apartment Building
    6-Unit Multifamily Apartment Building

    2921 S Saginaw St, Flint, MI 48503

    $240,000

    Multifamily property with established occupancy and tenant-paid electric utilities.

    View details
    Renovated Group Home Building
    Renovated Group Home Building

    805 Saint Clair Street, Pontiac, MI 48340

    Contact for pricing

    Completely renovated group home with a group home license, 20 rooms, and tenants already in place.

    View details

    Lapeer, MI Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Lapeer, 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, 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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    Demographics Overview

    Population 31K
    Population Growth (5Y) -0.7%
    Median Household Income $66,382
    College Educated 26.6%

    Taxes & Financing

    Tax Rate (average for all types) 3.36%
    Property Tax per SF $70.76 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lapeer County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Lapeer, MI

    • 48446

    Featured Lapeer Real Estate Agencies

    Realmo connects you with licensed Lapeer 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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