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Pennsylvania Ave Listing Details & Market Data

615-621 N Pennsylvania Ave, Lansing, MI 48912

Global Real Estate Advisors are pleased to present the exclusive offering of Pennsylvania Avenue Apartments. Pennsylvania Avenue Apartments is a well maintained, 15-unit apartment community located between West Lansing and East Lansing. Pennsylvania Avenue Apartments is comprised of 6 one-bedroom units that average 650 SF, and 9 two-bedroom units. Out of the 9 two-bedroom units four of them average 800 SF and 5 of the two-bedroom units feature 2.5 bathrooms at 1,100 SF. This well-maintained asset features two newer boilers (1 in each building) that the landlord is responsible for, as well as gas and water. Each unit is outfitted with individual electric wall air conditioners (tenant responsible). Pennsylvania Avenue Apartments residents enjoy unique amenities such as having easy access to I-496, onsite laundry, intercom entry for guests, car port access, full size kitchens, spacious units, and short driving distances to hospitals, parks, schools, and convenient stores.

This offering not only presents investors with a turn-key cash flowing asset, but it also provides investors with the ability to increase the rents buy renovating the units. Current ownership is not charging additional rent for the on-sight carports or the available storage units which generally can generate an additional $25-$50 per month in rental income. Please contact Global Real Estate Advisors today before this turnkey, value add, opportunity is gone.

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Location

  • Walk Score ® Somewhat Walkable (70)
  • Transit Score ® Some Transit (47)
  • Bike Score ® Bikeable (63)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48912
  • Market Detroit

Points of Interest

East Lansing

2.59 miles

Admiral

1.24 miles

ChargePoint

1.35 miles

ChargePoint

1.47 miles

ChargePoint

1.57 miles

BP

1.78 miles

Sam's Club

1.98 miles

Tesla Destination Charger

2.25 miles

ChargePoint

2.36 miles

Eaton

2.82 miles

GE

3.09 miles

Ottawa Ramp

1.23 miles

Ottawa Surface Lot

1.29 miles

The Oaks

1.95 miles

lot 61

2.37 miles

Lot 78

2.80 miles

Lot 40

3.17 miles

Lot 34

3.63 miles

Lot 20

3.86 miles

Lot 91

4.02 miles

Office Visit Parking

6.64 miles

Bangkok House

0.44 miles

Capitol City Grille and Lounge

0.77 miles

Sahara Delight

0.85 miles

DeLuca's Restaurant

2.15 miles

Spartan hall of Fame Cafe

2.15 miles

Fleetwood Diner

2.20 miles

Jimmy John's

2.24 miles

Brody Square

2.25 miles

Udon Shushi

2.31 miles

Rally's

3.06 miles

Grand River Elementary School

0.59 miles

Former Cedar Street Elementary School

0.62 miles

Lansing Community College

0.75 miles

Capitol Area Driving School

1.43 miles

Saint Casimir School

2.10 miles

Forest View Elementary School

3.09 miles

Michigan State University

3.22 miles

Maple Hill School

3.32 miles

Stoner School

3.33 miles

Everett High School

3.38 miles

Michigan State University Child Development Laboratories

2.51 miles

Eastminster Child Development Center

3.83 miles

Little Dreamers Daycare Center

4.56 miles

Gilden Woods Okemos

6.65 miles

Gilden Woods

6.73 miles

Wilkshire Early Childhood Center

7.59 miles

Contacts

broker

Paul Russo

GREA

(248) 800-0153

Highlights

  • Spacious Units
  • Full Kitchen with Dishwasher
  • All New Vinyl Windows
  • Ample Closet Space & Natural Lighting
  • Functional Intercom & Cloud Based Security
  • Coin Laundry in Both Buildings
  • New Boiler in Both Buildings

Contact Listing Broker

broker

Paul Russo

GREA

(248) 800-0153

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