MULTIFAMILY PROPERTY FOR SALE BRENTWOOD MANOR 2928 Kenwick Circle, Lansing, MI 48912 OFFERING SUMMARY PROPERTY HIGHLIGHTS Sale Price $ 2,600,000 • Brentwood Manor is comprised of 43 2bdrm, 1 bath units, one 1bdrm 1bath unit, and one 3bdrm 2 bath. 45 Total Units: • Located on the north side of Lansing in the Groesbeck neighborhood. 57,777 Price Per Unit ($): • Strong underlying demographics in the 1-mile area: 12,391 people earning a median income of $49,507 37,300 Rentable SQFT: Minutes from Ranney Park, Sparrow Hospital, and Michigan State University campus. 827 Average Unit Size • Easy access to retail corridors with Frandor Shopping Center and Eastwood Towne Center nearby. 1964 Year Built: • Fully renovated property in 2003 • Covered parking spaces for every resident 1.85 acres Lot Size: 8.1% Yr1 Pro Forma Cap-Rate 9.6% Yr5 Pro Forma Cap-Rate FOR MORE INFORMATION CONTACT: John Nechiporchik Stewart Beal
[email protected] [email protected] Tel: (734) 642-6986 Tel: (734) 320-6376 MULTIFAMILY PROPERTY FOR SALE BRENTWOOD MANOR 2928 Kenwick Circle, Lansing, MI 48912 Sale Price $ 2,600,000 BUILDING INFORMATION Structural System Brick/Masonry Roof Type Pitched Shingled Floor Type Vinyl / Carpet Heat Source Furnace Air Conditioning Wall Laundry On-Site Yes # of Parking Spaces 62 (52 covered) Submarket: Groesbeck Area Parcel Number(s) 21-01-11-406-010 UTILITIES Service/Utility Source/Company Paid By Electric LBWL Tenant Gas Consumers Energy Owner Water LBWL Owner Sewage LBWL Owner Trash Waste Management Owner No. Approximate Current