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3501 Simken Drive
Lansing, MI 48910
Asking Price
$895K
Cap Rate
7.49%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 12-Units | $74,583/Unit <ul><li>11,598 SF building with 12 units</li><li>Established property built in 1966</li><li>Renovated apartment interiors 2024/2026</li><li>Prime location for retail and service industry workforce residents</li><li>View of Beacon Park right outside the front door</li><li>The combination of a quiet cul-de-sac location and park-side positioning creates a living environment that stands out in the marketplace - driving strong tenant appeal and stability.</li><li>This asset delivers both stron
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NOI
$80,000
Cap Rate
8.94%
DSCR
1.51
Strong
Cash-on-Cash
10.01%
Monthly Payment
$4,427.972
Annual Cash Flow
$26,864.34
