906 & 911 Shiawassee Street, Lansing MI, 48912

Active

906 & 911 Shiawassee Street

Lansing MI, 48912

$2,019,000

$180.62 per sqft

Active

11,178 sqft

Commercial

Built in 1966

This project features two buildings across the street from each other, situated between the UM/Sparrow Campus and Neogen. At 906 E Shiawassee, there are 22 units, including 16 spacious one-bedroom, one-bath apartments and six two-bedroom, one-bath apartments. Meanwhile, 911 E Shiawassee holds eight units, comprising seven one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. Currently, both buildings on E Shiawassee maintain a 100% physical occupancy and have consistently performed above market expectations for several years. Beyond occupancy, the property stands out for achieving improved rents on both renewals and new leases, despite current rents being significantly below market. E Shiawassee is a well-positioned asset near downtown Lansing, ready for new ownership with a value-add approach. Landlord pays water, sewer and heat. Tenant pays electric.

284509

MLSⓇ ID

October 25, 2024

Listed

November 22, 2024

Updated

Map

906 & 911 Shiawassee Street
Lansing MI, 48912

Interior Features

Total Stories: 2
Appliances: Electric Cooktop, Free-Standing Refrigerator, Free-Standing Electric Oven
Laundry Description: Common Area, Laundry Room
Fireplace: No
Cooling: Yes
Cooling Description: Wall Unit(s)
Heating: Yes
Heating Description: Baseboard, Hot Water

Exterior/Building Features

Lot Size: 27,144 Acres
Sewer: Public Sewer

School Information

School District: Lansing

Other Property Details

Taxes: $16,518
Tax Frequency: Annually
Garage: No
Parking: Asphalt, Off Street, Parking Lot
View: No
County: Ingham
Municipality: Lansing City
Water Source: Public
Pool: No

Listed by Benjamin Parker, Apex Appraisal Company LLC, 517-487-0611

Based on information from Greater Lansing Association of REALTORS® (GLAR) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 12:57 PM UTC, 11/22/2024