Westfield Apartments

Multi-Family for Sale
Catylist Listing ID: 30186230
Property Subtypes: Low-Rise/Garden
Number of Units: 7 Units
Building Size (RSF): 3,536 SF
Gross Land Area: 0.39 Acres
Sale Price: $299,000
Unit Price: $42,714.29 Per Unit
Property Use Type: Investment
Building Name: Westfield Apartments
Sale Terms: Cash to Seller
Cap Rate: 8.47%
Last Updated: 3/19/2018

Overview / Comments

The Westfield apartments are located in West Lansing at the entrance to Windemere Park in Lansing Township. The property is a total of 7 units in two buildings. The property has its own coin op washer and dryer, which are included. Off street, numbered and assigned parking is available behind the building. Units have been continually maintained and updated throughout the ownership.
The units are separately metered for gas and electric and have gas forced air furnaces which are updated units.
Please contact us for a full offering memorandum.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Eaton
Taxing Authority: Lansing Township - Ingham County
Tax ID/APN: 33-21-01-07-407-012
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Built: 1960
Construction/Siding: Brick
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 109 AND 110 WESTFIELD HILLS NO 6

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,602 75,914 161,784
Median Age: 36.91 36.09 34.97
Households: 4,573 32,637 68,663


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