645 E Jolly Rd
- 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.
- ¹ Based on T-12 financial statements and June 2026 rent roll provided by ownership.
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,005,000 |
| No. of Units: | 16 |
| Average Occupancy: | 9.45 |
| Year Built: | 1969 |
| Lot Size: | 0.46 Acres |
| Opportunity Zone: | No |
| Price per unit: | $62,813 |
| Property Website | Click Here |
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