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315 E Nepessing St

6 Unit Block of Flats £547,715 (£91,286/Unit) Lapeer, MI 48446

Investment Highlights

  • 6-Unit Apartment Complex (3 x 1-Bdrm & 3 x 2-Bdrm)
  • All Units Remodeled as of July 2024
  • Walkable to Downtown Lapeer
  • 100% Occupied w/ Annual Leases
  • Purchased 2023 - Taxes Uncapped within last 12 Months. Should Minimize Increase on Future Purchase
  • Additional Room to Increase Rents to Market Rate

Executive Summary

6-unit apartment building consisting of Three 1 Bedrooms
and Three 2 Bedrooms. Interior and exterior renovations
completed in 2022.

Attachments

Marketing Brochure/Flyer

Property Facts

Price £547,715 Building Class C
Price Per Unit £91,286 Lot Size 0.28 AC
Sale Type Investment Building Size 5,139 SF
No. Units 6 Number of Floors 2
Property Type Residential Year Built 1985
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low Rise
Price £547,715
Price Per Unit £91,286
Sale Type Investment
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.28 AC
Building Size 5,139 SF
Number of Floors 2
Year Built 1985
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 3 - 700
2+1 3 - 900
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PROPERTY TAXES

Parcel Number L21-40-109-040-00 Improvements Assessment £0
Land Assessment £0 Total Assessment £142,641

PROPERTY TAXES

Parcel Number
L21-40-109-040-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£142,641

zoning

Zoning Code RM-1 M
RM-1 M
(248) 476-3700

Contact

  • Listing ID: 29773257

  • Date on Market: 12/10/2023

  • Last Updated:

  • Address: 315 E Nepessing St, Lapeer, MI 48446

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© 2024 CoStar Group

315 E Nepessing St
(248) 476-3700 x

315 E Nepessing St

Joseph Evangelista

(248) 476-3700

(248) 476-3700

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