$6625000

Hull, Pine Lakes, & County Club Manor Apartments
  • Units: 140
  • Cap Rate: 7.5 Percent
  • Price Paying: -
  • Price Per Unit: $47,321
  • Property Type: Multi Family
  • Gross Rent Multiplier: -
  • Year Built: 1973
  • Monthly Income Per Unit: $3571
  • Expense to Income Ratio: -
  • Average Square Feet: 850
  • Debt Service Coverage: -
  • Cash Flow: -
  • ROI Year One: -
  • Listing Agent: A.J. Beachum, J.D.
  • Property Features: Pine Lakes, Hull, and Country Club Manor - a total of 140 units - are located in Haslett, East Lansing, and Charlotte. These three complexes offer a wide variety of one-and-two bedroom units in a thriving metropolis. The City of Lansing, also known as the Capitol City, is situated along the banks of the Grand River in the heart of Michigan's Lower Peninsula. The city is mostly located in Ingham County, although portions of the city extend west into Eaton County and north into Clinton County. The median family income was most recently reported at $36,054 and the average home value is estimated at $120,500. Lansing is approximately 90 miles west of Detroit and is often referred to as the Car Capital of North America, seeing that it was the birthplace of the first Oldsmobile. Lansing today boasts an economy diversified among several industries, including manufacturing, healthcare, government service, and education.
  • Interior Features: -
  • Exterior Features: -

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  • About Us

    Income Property Organization offers customized brokerage services that are designed to meet the specific needs of a wide range of clients -- private owners as well as institutional investors -- who want to buy or sell income property.
  • Contact Us

    Income Property Organization
    6421 Inkster Rd., Suite 200
    Bloomfield Hills, MI 48301
    Telephone (248) 932-0300
    Fax (248) 932-0301