2405 Forest Avenue, Lansing, MI 48910

$1,399,800
  • 2405 Forest Avenue, Lansing, MI 48910 Main Photo

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Active
MLS#295607
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONCedaracre

Property Description

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 portfolios 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 sellers 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 ¢ 99% occupied at time of offering ¢ Appraised value of $1,600,000 ? offered at $1,400,000 ¢ $200,000 in verifiable, day-one equity ¢ Professional management in place with full reporting history ¢ Stable neighborhoods with consistent rental demand ¢ No lease-up risk ? portfolio is fully stabilized Summary This offering presents a qualified investor with the uncommon opportunity to acquire a fully stabilized, professionally managed residential portfolio below independently established market value. The sellers position is motivated entirely by a time-sensitive 1031 exchange, and the resulting pricing reflects a genuine transfer of equity to the acquiring party. For an investor seeking immediate cash flow, verified value, and an operationally ready asset, this portfolio warrants serious consideration. Available upon execution of a non-disclosure agreement: full rent rolls, financial statements, lease documentation, appraisal, and property-level detail.

2405 Forest Avenue | MLS# 295607

This commercial property located at 2405 Forest Avenue, Lansing, MI 48910 is currently listed for sale with an asking price of $1,399,800. Search Lansing real estate on robertjohnson.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Fuel Type: Gas
Heating: Forced Air, Natural Gas
Lot Size: 0.10 Acres
Stories: 2.0
Taxes: $2,269
Year Built: 1924

Feature Descriptions

Business Type: Residential
Days on Site: 10
Exterior: Vinyl Siding
Laundry: In Basement
Lot Dimensions: 36.83x114.2
Parcel #: 33-01-01-28-251-011
Parking: Garage
Sewer: Public Sewer
SQFT Total: 980
Units: 15
Water: Public

Listed By / Shown By

Listed By

Agency Name: White Pine Sotheby's International Realty

Shown By

Agent Name: Bob Johnson
Agent Phone: (419) 350-2333
Agency Title: Key Realty

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/12/2026. The listing information on this page last changed on 05/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 05/12/2026 3:41:17 PM EST) or MichRic (Michigan Regional Information Center) (last updated Tue 05/12/2026 3:38:57 PM EST) or Metrolist - RECOLORADO by MLSGRID (last updated Tue 05/12/2026 3:35:11 PM EST) or NIRA MLS (last updated Tue 05/12/2026 3:34:56 PM EST) or RealComp MLS (last updated Tue 05/12/2026 3:34:26 PM EST) or Dayton MLS (last updated Tue 05/12/2026 3:37:26 PM EST) or NORIS MLS (last updated Tue 05/12/2026 3:40:50 PM EST) or IRES MLS (last updated Tue 05/12/2026 3:32:33 PM EST) or Colorado Real Estate Network IDX (last updated Tue 05/12/2026 8:30:52 AM EST) or CBRMLS (last updated Tue 05/12/2026 3:40:01 PM EST) or Multiple Listing Service of Greater Cincinnati (last updated Tue 05/12/2026 3:37:03 PM EST) or Terrehaute MLS (last updated Tue 05/12/2026 3:36:33 PM EST) or elevate MLS (last updated Tue 05/12/2026 3:30:50 PM EST) or Stellar MLS (last updated Tue 05/12/2026 3:31:52 PM EST) or NKY MLS (last updated Tue 05/12/2026 3:39:39 PM EST) or Wrist MLS (last updated Tue 05/12/2026 3:35:00 PM EST) or Firelands MLS (last updated Tue 05/12/2026 3:12:01 PM EST) or LCAR MLS (last updated Mon 05/11/2026 10:50:56 AM EST) or West Central MLS (last updated Tue 05/12/2026 2:52:31 PM EST) or Fort Myers (last updated Tue 05/12/2026 3:37:12 PM EST) or Aspen/Glenwood Springs MLS (last updated Tue 05/12/2026 3:31:40 PM EST) or Northern Nevada Regional MLS (last updated Tue 05/12/2026 3:37:15 PM EST) or MLS NOW (last updated Tue 05/12/2026 3:38:04 PM EST) or Northern Great Lakes Association of Realtors (last updated Tue 05/12/2026 3:34:36 PM EST) or Mansfield MLS (last updated Tue 05/12/2026 3:37:21 PM EST) or Metropolitan Indianapolis Board of Realtors (last updated Tue 05/12/2026 3:38:24 PM EST) or Grand Junction MLS (last updated Tue 05/12/2026 3:37:16 PM EST) or Knox County MLS (last updated Tue 05/12/2026 3:38:19 PM EST) or IRMLS (last updated Tue 05/12/2026 3:38:03 PM EST) or Pueblo MLS (last updated Tue 05/12/2026 2:44:20 PM EST) or Upper Peninsula MLS (last updated Tue 05/12/2026 3:40:07 PM EST) or Greater Lansing MLS (last updated Tue 05/12/2026 3:36:04 PM EST) or SEBAR MLS (last updated Tue 05/12/2026 6:59:25 AM EST) or Water Wonderland MLS (last updated Tue 05/12/2026 2:53:59 PM EST) or Eastern Upper Peninsula MLS (last updated Tue 05/12/2026 3:00:42 PM EST) or Scioto Valley MLS (last updated Tue 05/12/2026 1:02:56 PM EST) or Northern Michigan MLS (last updated Tue 05/12/2026 3:34:54 PM EST). Real estate listings held by brokerage firms other than Key Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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