Delta Park Apartments

Delta Park Apartments
Sold | $3,400,000

Lansing, MI | Units: 52 | Price Per Unit: $65,384 | Avg Sq Ft: 779 | GRM: 6.79 | DSC: 1.20 | Year 1 ROI: 5.04% | Listing Agent: A.J. Beachum, J.D.

Location

Executive Summary

Delta Park is an attractive complex constructed in 1971, featuring an advantageous mix of floor plans, including 12 one-bedroom units (654 sq. ft.), 19 two-bedroom / one-bathroom units (835 sq. ft.), and 21 two-bedroom / 1.5-bathroom units (835 sq. ft.). The utility structure is tenant-paid heat, and landlord paid gas-heat and water.