321 Butler Blvd, Lansing, MI 48915

This exceptional investment opportunity presents a 35-unit multifamily portfolio located in Lansing, Michigan. Priced at $2,350,000, this Class B property boasts a compelling 7.74% cap rate and a price per unit of $67,143. The portfolio comprises three properties within a five-mile radius: Vincent Court Apartments (16 units), Butler Apartments (12 units), and Townsend Apartments (7 units). Vincent Court features 16 two-bedroom, one-bathroom units, averaging 800 square feet, each with updated kitchens, stainless steel appliances, new flooring, individual entrances, washer/dryer hookups, and dishwashers. Utilities are individually metered and tenant-paid. Butler Apartments includes 11 two-bedroom, one-bathroom units (averaging 850 square feet) and one one-bedroom, one-bathroom unit (850 square feet). These units also feature updated kitchens, stainless steel appliances, and new flooring. Electricity is individually metered and tenant-paid