Buy&Hold (Multifamily Vacant): 68 Units 927 S Washington Ave, Lansing, MI 48910 - Deal Available
Multifamily Investment Opportunity
3 Retail Units
Great opportunity to invest in the capital city, Lansing, MI. This property is located just minutes away from Michigan State Capital, Lansing Community College, and Cooley Law School. After the renovation is completed this will be an amazing asset. Extra incentive because this is also located in an opportunity zone. Seller owns this property Free and Clear. All studios and 1 bedroom apartment units.
Washington Apartments is located in Lansing, the capital of Michigan. Located within a mile of Interstate 496, there is easy access to various cultural and economic hubs within the region. Additionally, with three retail spaces located in the building, there are opportunities to increase cash flows and diversify tenants.
Investment highlights include the below:
Low price per unit as compared to the market
This fully vacant property presents a strong redevelopment opportunity
There is potential to receive historic tax credits
The property is located in an opportunity zone