804 Legrand Dr Lansing, MI 48910

This exceptional multifamily investment opportunity presents two buildings comprising 15 units located at 804 Le Grand Dr and 330 N Pine St in Lansing, Michigan. Built in 1965 and extensively renovated in 2021, this property boasts a total of 2,600 to 6,122 square feet across a 0.58-acre lot. The three-story buildings currently enjoy 100% occupancy as of January 2, 2024. Ten of the fifteen units feature modern mini-split systems, enhancing energy efficiency. The property benefits from its prime location near the Capitol Building, parks, and local eateries, and is situated within an Opportunity Zone. Below-market rents present a significant value-add opportunity for the astute investor. Strategic management, including a utility reimbursement program to offset costs, further enhances the property's profitability. The asking price is $1,030,000. The property is offered as a portfolio or individually. APN numbers are 01-01-32-226-141 and 33-01-01-16-153-001. This is a rare chance to acquire a fully renovated, high-occupancy multifamily property in a desirable location with significant upside potential.