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2405 Forest Avenue
Lansing, MI 48910
Asking Price
Contact for price
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B
What's Special
Multifamily | 19 Units <ul><li>19 income-producing units across 15 properties</li><li>99% occupied at time of offering</li><li>Appraised value of $1,600,000 — offered at $1,200,000</li><li>$400,000 in verifiable, day-one equity</li><li>Professional management in place with full reporting history</li><li>Stable neighborhoods with consistent rental demand</li><li>No lease-up risk — portfolio is fully stabilized</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
