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    909 E Jolly Rd Lansing, MI 48910

    For Sale
    $1,030,000

    South Lansing apartment building with upside rental increase potential.

    Property size:
    11,215 SF

    Property Features for 909 E Jolly Rd

    General Information

    Size
    11,215 SF

    Building Details

    Year built
    1963

    Source: Dave Robinson Agent Dave Robinson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lansing Multifamily Investment Opportunity

    Located in South Lansing near Jolly and Pennsylvania, this apartment building offers convenient access to I-96 and US-127/I-496. The property is situated near Meijer, retailers, restaurants, and banks. Constructed in 1963, this established property contains 16 units within its 11,215 square foot building. The property is currently 100% occupied, presenting an excellent investment opportunity for multifamily investors. The location is considered prime within the Lansing area, with an attractive unit layout and design. The property has a strong rental history and income potential, with upside rental increase potential. It is ideal for Multifamily / Low-Rise/Garden investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.539158
    Latitude
    42.68326

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    FAQs

    What type of property is this?
    Apartment building - South Lansing apartment building with upside rental increase potential.
    Where is this apartment building located?
    The property is located at 909 E Jolly Rd Lansing, MI.
    What is the asking price?
    The asking price for this property is $1,030,000.
    What are key features of this property?
    This property features: - Prime location near Jolly and Pennsylvania with easy access to I-96 and US-127/I-496, Mejier, retailers, restaurants and banks.; - Excellent investment opportunity with strong rental history and income potential.; - Fully occupied with 100% occupancy.
    (517) 599-6846
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    909 E Jolly Rd Lansing, MI 48910
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    Lansing, MI 48910
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    909 E Jolly Rd Lansing, MI 48910
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