804 Legrand Dr Lansing, MI 48910
- Commercial real estate
- 2,600 SF
- 0.58 lot acres
Current Use by Public Records
- May hawse / Apartment Building
- Havse / Apartment Building
Property Details for 804 Legrand Dr
- Year built
- 1965
- Lot size
- 0.58 lot acres
- Property size
- 2,600 SF
- Property type
- Commercial real estate
- APN
- 01-01-32-226-141; 33-01-01-16-153-001
Description
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.
Value Estimation
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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
- -84.5641879
- Latitude
- 42.6942705
