5501 Joshua StLansing, MI 48911

For Sale
Call for price

238 Units, Newly Renovated

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 238-unit multifamily portfolio situated in Lansing, Michigan. The property, encompassing 13.9 acres, comprises fifteen three-story buildings constructed in 1978 and extensively renovated in 2023. The portfolio offers a mix of one- and two-bedroom apartment units, catering to a diverse range of tenants. Its strategic location at 5501 Joshua St, Lansing, MI 48911, provides convenient access to major retailers such as Target, Meijer, Aldi, and Menards. The property's proximity to I-96, the State Capitol Building (12 minutes away), and Michigan State University's campus (15 minutes away) further enhances its appeal. The combination of vintage charm and modern updates, coupled with its desirable location within a vibrant community, makes this a compelling investment prospect for those seeking a strong return in a thriving market. The property's size and unit count offer significant potential for long-term growth and income generation. This is a rare opportunity to acquire a substantial multifamily asset in a prime Lansing location. The property's recent renovation ensures immediate occupancy and minimizes future capital expenditures. The strong tenant base and convenient location contribute to a stable and predictable income stream.

Highlights

  • Vintage and renovated apartment units.
  • Excellent S. Cedar St. location, north of I-96.
  • 12-minute commute to the State Capitol.
  • 15-minute drive to Michigan State University.
  • Close proximity to Target, Meijer, Aldi, Menards, and other major retailers.

Property Details for 5501 Joshua St

Property type
Multifamily properties, Apartment buildings
Class
C
Year Built/Renovated
1978/2023
Buildings
15
Stories
3
Lot Size (sq. ft)
605,484 SF
Units
238

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.6772895
Longitude
-84.5415284
5501 Joshua St, Lansing, Michigan

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5501 Joshua St
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