Current Use by Public Records
- Apartment buildings
Property Details for 5501 Joshua St
- Year built
- 1978
- Lot size
- 13.90 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 238-unit multifamily portfolio situated in Lansing, Michigan. The property, encompassing 13.9 acres, comprises fifteen three-story buildings constructed in 1978 and extensively renovated in 2023. The portfolio offers a mix of one- and two-bedroom apartment units, catering to a diverse range of tenants. Its strategic location at 5501 Joshua St, Lansing, MI 48911, provides convenient access to major retailers such as Target, Meijer, Aldi, and Menards. The property's proximity to I-96, the State Capitol Building (12 minutes away), and Michigan State University's campus (15 minutes away) further enhances its appeal. The combination of vintage charm and modern updates, coupled with its desirable location within a vibrant community, makes this a compelling investment prospect for those seeking a strong return in a thriving market. The property's size and unit count offer significant potential for long-term growth and income generation. This is a rare opportunity to acquire a substantial multifamily asset in a prime Lansing location. The property's recent renovation ensures immediate occupancy and minimizes future capital expenditures. The strong tenant base and convenient location contribute to a stable and predictable income stream.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5415
- Latitude
- 42.6773
