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4215 Glenwood Ave, Lansing, MI 48910

$18,000+/Unit

Commercial property for sale

Added: 06/03/2013
Last Update: 07/10/2013
4215 Glenwood Ave Lansing, MI 48910 US
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Contact info

  • 517-321-2800 [Office] 

Description

Glenwood Manor is located at the corner of Cavanaugh and Glenwood in South Lansing. The property feature four, 1 bedroom units and 2 studio units. Priced at just $18,000 per unit, Glenwood Manor represents a outstanding value in the marketplace. Currently rented at below market rates, this property would be ideal for someone looking at the opportunity to raise rents in the near term. Current rents average $391 per unit, $2350 per month. Gas and common area electric run $6861 (2012) Water $2350 (2012) and taxes 3506 (2012) Building price details: $108,000.

Property Details

  • Building Name:Glenwood Manor
  • Type: Multifamily
  • Use Types:Low-Rise/Garden
  • Status: Available
  • Year Built: 1956
  • MSA: Lansing-East Lansing
  • Buildings: 1

Exterior Features

  • Parking Type: Surface

Terms

  • Cash to Seller 

Agent

Matthew Wisniewski, CCIM
517-321-2800 [Office]

Map Locations