Located on West Saginaw, just East of Lansing Mall and in a popular office and retail area, this 2 building office investment is fully occupied and has numerous updates and upgrades throughout.
The property has had a major fa??ade renovation on the office building. The building also received a new roof and full parking lot replacement, including new compacted fill. Also all but one of the HVAC units have been replaced under the current ownership.
The 2 buildings sit on over a half acre and share the block with Kentucky Fried Chicken.
The property has a projected cash flow of over $38,000 per year based on actually income and expenses. The rents appear under market and offer a great value add for increasing the property cash flow as leases come due.
The property also has a billboard producing revenue as well.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.