2405 Forest Avenue Lansing, MI $ 1,399,800
2405 Forest Avenue
$ 1,399,800
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2405 Forest Avenue

Lansing, MI, 48910
$ 1,399,800
Bedrooms-- Baths--

Monthly Estimate*

$ 8,619

2405 Forest Avenue, Lansing, MI 48910 - Image 1

Commercial Property for sale in Lansing, MI

for $1,399,800. This building was built in 1924 on a lot size of 0.1.

Residential Income Portfolio \ 15 Properties \ Offered at $1,400,000 13 Single-Family Residences & 2 Triplexes \ 19 Total Units \ Professionally Managed We are pleased to present for acquisition a stabilized residential income portfolio comprising thirteen single-family residences and two triplex properties, representing seventeen total rental units. The portfolio was assembled in December and has since been brought to 99% occupancy under continuous professional management. Valuation & Pricing An independent appraisal conducted at the time of acquisition established the portfolio's market value at $1,600,000. The portfolio is being offered at $1,400,000, representing a $200,000 discount to appraised value. The motivation for this pricing is straightforward:the seller has identified a 1031 exchange opportunity of compelling strategic merit, and the timeline associated with that transaction necessitates a prompt disposition of this portfolio. There are no deferred maintenance concerns, title complications, or operational issues driving this decision ??? the discount is entirely a function of the seller's capital redeployment objectives. Property Condition & Market Position The residences are in fair condition and situated in established, stable neighborhoods consistent with reliable long-term rental demand. The portfolio represents the type of durable, income-producing residential stock that institutional and private investors alike seek for steady cash flow and tenant retention. Properties have been priced and managed with occupancy and performance as the primary objectives. Management & Reporting Professional property management has been in place since the date of acquisition in December, providing the incoming owner with documented operational history, established tenant relationships, and a seamless management transition. Reporting, lease documentation, and financial records are available for qualified buyer review during due diligence. Investment Highlights ??? 19 income-producing units across 15 properties

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Commercial Active

Price

$ 1,399,800

Property Type

Commercial

Taxes

$ 2,269

Style

CommercialSale

Lot Size

0.1

Year Built

1924

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

630000295607

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Construction Materials VinylSiding
Year Built 1924
Levels Two
Tax Year 2025
County Ingham
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name CEDARACRE
Garage Y/N Y
Status Active
Directions GPS
City LansingCity_Ingham
Senior Community Y/N N
High School District Lansing
Zoning Description Residential
Number Of Units Total 15
MLS Area Area11012Lansing
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2269.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Standard Status Active
Tax Assessed Value 52000
Legal Description LOT 41 CEDARACRE SUB
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 980.0
Laundry Features InBasement
Above Grade Finished Area Unit Type SquareFeet
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Exterior
Parking Features Garage
Water Source Public
Total Parking 2.0
Foundation Details Basement
Spa N
Building Area Total 0.0
Lot Dimensions 36.83x114.2
Lot Size Acres 0.1
Waterfront Y/N N
Foundation Area 980.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2405
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* Excluded Features
List By
Rob Buffington

Listing Agent

White Pine Sotheby's International Realty

Broker

(517) 300-3637

Phone

Affordability Calculator

$8,808
Per Month
98%
2%
0%
Monthly Principal & Interest
$8,619
Monthly Property Taxes
$189
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848538 Elementary School
848373 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2026$1,399,800 Listed Price

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2405 Forest Avenue, Lansing, MI, 48910 is a Commercial Property for sale at $1,399,800 with a lot size of 0.1. 2405 Forest Avenue was built in 1924. The property's zip code is 48910 which is in Lansing, MI