$400,000
314 n sycamore, Lansing, MI 48933
Current Rent **
$5,555
Projected Rent **
$5,798
5 Unit in BP Top 50 Markets for 2025
A TURNKEY INVESTMENT OPPORTUNITY IN VIBRANT LANSING, MICHIGAN!
Discover this meticulously maintained and significantly updated 5-unit multifamily property, ideally situated in the heart of Lansing (Capital city in Michigan). This offering presents a rare chance for investors to acquire a cash-flowing asset with immediate income and significant upside potential, particularly through its established mid-term rental unit.
Strategic Location: Easy access to downtown Lansing, local amenities, transportation, and employment hubs makes this property highly attractive to a wide range of tenants.
Strong Rental Market: Lansing's robust economy, growing population, and proximity to major universities (Michigan State University), state government, and healthcare facilities ensure consistent demand for rental properties.
Investment Upside:
Proven Mid-Term Rental Success: Leverage the existing furnished unit's success to potentially convert additional units, significantly boosting your overall revenue towards the $87,000 Mid-Term Market Annual Potential.
Don't miss out on this exceptional opportunity to own a stable, income-generating asset with significant future potential in a thriving Michigan market!
Location:
314 n sycamore, Lansing, MI 48933
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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