For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Landmark Commercial Real Estate Services and powered by RealINSIGHT Marketplace, 335 E. St. Joseph Street in Lansing, Michigan is a 17-unit, 10,900-square-foot value-add apartment community positioned minutes from Downtown Lansing, the Michigan Capitol, and Michigan State University. Ten of seventeen units are currently occupied, generating an estimated $43,831 in net operating income against $115,200 in total gross revenue, while the remaining seven vacant units offer new ownership a direct path to renovate, re-lease at market rents, and materially grow cash flow. The property's taxable market value is scheduled to drop 20% in 2027, further reducing the tax burden and supporting NOI growth. Lansing's diversified base of state government, higher education, and healthcare employment, alongside General Motors' nearby Grand River Assembly plant, underpins steady workforce housing demand and limited affordable supply in the submarket. Offered through a transparent auction process, this acquisition gives investors a scalable, well-located value-add multifamily opportunity with clear upside in both income and long-term asset value.
Due Diligence
Location
Tamara Apartments sits at 335 E. St. Joseph Street, a 0.6-mile walk to Lansing Community College and 1.2 miles from Downtown Lansing's business core and the Michigan Capitol building. Cooley Law School's Lansing campus is 1.2 miles away, Michigan State University's 41,000-plus students sit 1.5 miles east, and I-496 access is 2.5 miles from the site.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
