Listed by NAI Mid-Michigan
$999,700
Atlantic Flatz
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,215
Units 16
Cap Rate 9.24%
NOI $92,388
Occupancy 100%
Pro-Forma Cap Rate 12.26%
Pro-Forma NOI $122,588
Class D
Year Built 1963
Year Renovated 2021
Buildings 1
Parking Spaces spaces
Investment Type Core
Multifamily | 16 Units | $62,481/Unit
Marketing description
Introducing an investment opportunity in the heart of Lansing. Built in 1963, Atlantic Flatz boasts an 11,215 SF building with 16 fully-occupied units, making it a great choice for investors. With a strong rental history and income potential, it offers an excellent opportunity to expand your investment portfolio. Don't miss the chance to own this mutifamily property in a sought-after location.
Investment highlights
- 11,215 SF building with 16 units
- Fully occupied with 100% occupancy
- Ideal for Multifamily / Low-Rise/Garden investors
- Established property built in 1963
- Prime location in Lansing area
- Excellent investment opportunity
- Attractive unit layout and design
- Strong rental history and income potential
Listing Contacts
Listed by NAI Mid-Michigan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,388.00
$7,699.00/mo
Valuation Metrics
0
DSCR
9.24%
Cap Rate
9.24%
ROI
Map
Zoning
MX-C MixedMixed UseMixed Use Urban Corridor
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View all 82 uses
View all 82 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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