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REO- Vincent Court Apartments 946 Vincent Ct

16 Unit Apartment Building $1,431,250 CAD ($89,453 CAD/Unit) Lansing, MI 48910

Investment Highlights

  • Fully Upgraded Units (most units)
  • Averaging Near 100% Occupancy
  • Units are on Average $125-$150 Below Market

Executive Summary

The REO-Vincent Court Apartments consists of (16) two bed one baths units averaging 800 SF. Each unit is individually metered for water, gas and electricity while tenants are responsible for all utility costs. Residents are able to enjoy fully updated units, stainless steel appliances, new kitchens, new flooring etc. Each unit also boasts individual entrances, washer/dryer hook-ups, and dishwashers.

Property Facts

Price $1,431,250 CAD
Price Per Unit $89,453 CAD
Sale Type Investment
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.19 AC
Building Size 13,349 SF
Average Occupancy 94%
No. Stories 1
Year Built 1969
Parking Ratio 2.55/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 16 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-01-32-476-031
Land Assessment
$91,087 CAD
Improvements Assessment
$385,698 CAD
Total Assessment
$476,785 CAD

zoning

Zoning Code MF (Multi Family)
MF (Multi Family)
  • Listing ID: 34232872

  • Date on Market: 2024-12-18

  • Last Updated:

  • Address: 946 Vincent Ct, Lansing, MI 48910

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