REO- Vincent Court Apartments | 946 Vincent Ct
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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 | Lot Size | 1.19 AC |
Price Per Unit | $89,453 CAD | Building Size | 13,349 SF |
Sale Type | Investment | Average Occupancy | 94% |
No. Units | 16 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1969 |
Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
Apartment Style | Garden | Opportunity Zone |
Yes
|
Building Class | C |
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 | - | - |
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PROPERTY TAXES
Parcel Number | 01-01-32-476-031 | Improvements Assessment | $385,698 CAD |
Land Assessment | $91,087 CAD | Total Assessment | $476,785 CAD |
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) |
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REO- Vincent Court Apartments | 946 Vincent Ct
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