Overview
Elevate your investment portfolio with this exceptional workforce housing opportunity at 645 E Jolly Rd in Lansing, MI. With a generous 8,072 SF building hosting 16 units, this property exemplifies the ideal blend of comfort and affordability. Originally constructed in 1969 and thoughtfully renovated in 2024, it embodies the timeless charm of a classic design coupled with modern conveniences. Zoned R-MX (Residential Mixed-Use), it seamlessly accommodates the needs of the local workforce, offering a compelling investment opportunity with a 100% occupancy rate.
Location Overview
Discover the vibrant city of Lansing, MI, where urban convenience meets natural charm. The area surrounding the property offers a mix of cultural attractions, including the Michigan State Capitol Building, Big-10 Michigan State University, the Michigan History Center, and the charming Old Town Lansing. Known for its art galleries, and locally owned restaurants, Old Town adds to the appeal of the area, making it an attractive location for those interested in multifamily investment. With a bustling, lively atmosphere and a cultural hub just a stone's throw away, the location presents an exciting opportunity for residents seeking a dynamic living experience.
Strategically located along Lansing's established Jolly Road commercial corridor, the property benefits from strong visibility, convenient access, and proximity to dense residential and retail amenities, supporting long-term tenant demand and investment stability.
- Investment Profile: Stable Workforce Housing / Cash Flow Opportunity
- Built in 1969, renovated in 2024
- Units: 16
- Unit Mix: 9 One-Bedroom Units / 7 Two-Bedroom Units
- Occupancy: 100% Leased
- T-12 Revenue: $158,060
- T-12 NOI: $95,001
- Central location supports a deep resident pool with access to major employment centers, retail amenities, healthcare facilities, and more.
- ยน Based on T-12 financial statements and June 2026 rent roll provided by ownership.
