Location

EXECUTIVE SUMMARY:

Capital Manor has 76 units and is comprised of two buildings (built in 1965 and 1966) in the downtown Lansing area. Current occupancy is 94%, and, historically, the property has maintained a high level of occupancy.

Capital Manor represents a well-located asset in downtown Lansing, poised for new ownership with a value-add mentality. Current average rent across the units is $710. However, when the complex is brought up to market, average rent increases to $895. Contact IPO to set up a confidential tour before it is gone.