1606 Coleman Ave Lansing, MI 48910

This exceptional investment opportunity presents a fully occupied, five-unit industrial building located at 1606 Coleman, Lansing, MI. The property boasts a total of 2,832 square feet situated on a 0.25-acre lot. Each of the five units features a single bedroom, bathroom, kitchen, and living room, providing comfortable and efficient living spaces for tenants. The building benefits from recent significant upgrades, including a new roof installed in 2023 and a new commercial-sized boiler in 2022, ensuring long-term operational efficiency and reduced maintenance costs. A recent 2024 city inspection resulted in a passing grade, and the rental certificate is in good standing, providing peace of mind for the new owner. All five units are currently rented, with tenants consistently up-to-date on rent and utility payments. The owner utilizes a ratio utility billing system for efficient management of utility expenses. This property generates a substantial monthly cash flow, projected at up to $4,000. The sale is an "as-is" transaction, and financing options such as land contracts or subject-to financing are not available. This is a turnkey investment ready to generate immediate income. The property's strong occupancy rate, recent renovations, and positive cash flow make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. Don't miss this chance to acquire a well-maintained, high-performing multifamily industrial property in a desirable Lansing location.