Location

EXECUTIVE SUMMARY:

Ionia Street is comprised of a 15-unit apartment complex in the downtown Lansing area, with an additional 4 units contained in 3 houses adjacent to the apartment building. Current occupancy is 100% and historically the property has maintained a high level of occupancy.

Ionia Street Apartments represents a well-located asset in downtown Lansing, poised for new ownership with a value-add mentality. Current average rent across the units is $797. However, when the complex is brought up to market, average rent increases to $992. Contact IPO to set up a confidential tour before it is gone.