SOLDMultiFamily
Friedman Real Estate Facilitates $9.64M Multifamily Sale In Lansing, Michigan
5723 Richwood Street, Lansing, Michigan 48911, United States
$9,640,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 23, 2021
AI
A multifamily property located at 5723-5811 Richwood St in Lansing, Michigan has been sold for $9,640,000. The property spans across 3.34 acres. The sale was facilitated by Peter Jankowski of Friedman Real Estate.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $9,640,000
- Address: 5723-5811 Richwood St
- Market: Lansing, Michigan
- Acres: 3.34
Peter Jankowski from Friedman Real Estate played a crucial role as the broker in this transaction.
Lansing MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93