Robert Bailey, IV
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2405 Forest Avenue, Lansing, MI 48910

$1,399,800
  • 2405 Forest Avenue, Lansing, MI 48910 Main Photo

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Active
MLS#295607
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONCedaracre

Property Description

Residential Income Portfolio | 15 Properties | Offered at $1,400,000 13 Single-Family Residences & 2 Triplexes | 19 Total Units | Professionally Managed We are pleased to present for acquisition a stabilized residential income portfolio comprising thirteen single-family residences and two triplex properties, representing seventeen total rental units. The portfolio was assembled in December and has since been brought to 99% occupancy under continuous professional management. Valuation & Pricing An independent appraisal conducted at the time of acquisition established the portfolios market value at $1,600,000. The portfolio is being offered at $1,400,000, representing a $200,000 discount to appraised value. The motivation for this pricing is straightforward: the seller has identified a 1031 exchange opportunity of compelling strategic merit, and the timeline associated with that transaction necessitates a prompt disposition of this portfolio. There are no deferred maintenance concerns, title complications, or operational issues driving this decision ? the discount is entirely a function of the sellers capital redeployment objectives. Property Condition & Market Position The residences are in fair condition and situated in established, stable neighborhoods consistent with reliable long-term rental demand. The portfolio represents the type of durable, income-producing residential stock that institutional and private investors alike seek for steady cash flow and tenant retention. Properties have been priced and managed with occupancy and performance as the primary objectives. Management & Reporting Professional property management has been in place since the date of acquisition in December, providing the incoming owner with documented operational history, established tenant relationships, and a seamless management transition. Reporting, lease documentation, and financial records are available for qualified buyer review during due diligence. Investment Highlights ¢ 19 income-producing units across 15 properties ¢ 99% occupied at time of offering ¢ Appraised value of $1,600,000 ? offered at $1,400,000 ¢ $200,000 in verifiable, day-one equity ¢ Professional management in place with full reporting history ¢ Stable neighborhoods with consistent rental demand ¢ No lease-up risk ? portfolio is fully stabilized Summary This offering presents a qualified investor with the uncommon opportunity to acquire a fully stabilized, professionally managed residential portfolio below independently established market value. The sellers position is motivated entirely by a time-sensitive 1031 exchange, and the resulting pricing reflects a genuine transfer of equity to the acquiring party. For an investor seeking immediate cash flow, verified value, and an operationally ready asset, this portfolio warrants serious consideration. Available upon execution of a non-disclosure agreement: full rent rolls, financial statements, lease documentation, appraisal, and property-level detail.

2405 Forest Avenue | MLS# 295607

This commercial property located at 2405 Forest Avenue, Lansing, MI 48910 is currently listed for sale with an asking price of $1,399,800. Search Lansing real estate on robertbailey.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Fuel Type: Gas
Heating: Forced Air, Natural Gas
Lot Size: 0.10 Acres
Stories: 2.0
Taxes: $2,269
Year Built: 1924

Feature Descriptions

Business Type: Residential
Days on Site: 7
Exterior: Vinyl Siding
Laundry: In Basement
Lot Dimensions: 36.83x114.2
Parcel #: 33-01-01-28-251-011
Parking: Garage
Sewer: Public Sewer
SQFT Total: 980
Units: 15
Water: Public

Listed By / Shown By

Listed By

Agency Name: White Pine Sotheby's International Realty

Shown By

Agent Name: Robert Bailey, IV
Agent Phone: (419) 343-7367
Agency Title: Key Realty

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