3330 S Pennsylvania Ave

Overview

3330 S Pennsylvania Ave presents an opportunity to acquire a fully occupied 17-unit multifamily property in Lansing, Michigan. Comprised entirely of one-bedroom units, the property offers investors a stabilized income-producing asset with a strong history of ownership improvements and ongoing maintenance.Ownership has completed numerous capital improvements throughout the property, including new electrical panels in all units, replacement toilets, updated common-area carpeting and paint, DBR security cameras, repairs and cleaning of the main drain, retaining wall repairs, and new common-area sprinkler heads. The majority of the units have also received interior updates, including renovated bathrooms, updated kitchens, new vinyl plank flooring, and select window replacements.Additional amenities include on-site laundry and off-street parking located behind the building. The property is situated directly adjacent to Poxson Park, a 13-acre neighborhood park, providing tenants with convenient access to outdoor recreation and green space.With 100% occupancy, a desirable unit mix, significant completed improvements, and a convenient Lansing location, 3330 S Pennsylvania Ave offers investors a stable cash-flowing multifamily asset with limited near-term capital needs.