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645 E Jolly Rd
645 E Jolly Rd, Lansing, MI 48910
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Overview
Prime multi-family investment opportunity in Lansing. This apartment complex features 13/16 newly renovated units. Units offer carpet throughout with vinyl plank flooring in the kitchen; air conditioning units in each apartment, laundry facilities on-site, surface parking. Located just east of the high trafficked Jolly/Cedar intersection, convenient to community schools, south Lansing retail corridor, Holt, Okemos and more. Minutes from I-496 and I-96.
For Sale
Investment
Multifamily
Secondary Uses: Low Rise
- Sale Price
- $1,000,000
- Price Per SF
- $123.9/SF
- Cap Rate
- 9.63%
- Building Size
- 8,072 SF
- Acres
- 0.46 ac
- Zoning
- MX-2
- Zoning Desc.
- Community Mixed Use Center
- NOI
- $96,297.43
- Building Name
- Jolly Flats
- Floors
- 2
- Year Built
- 1969
- Parking Spaces
- 20
- Tax ID Number
- 33-01-01-33-484-001
- Property Use Type
- Investment
- Property Status
- Existing
- Avg. Occupancy
- 88%
- Total Units
- 16
- Laundry
- Shared
- County
- Ingham
- Listed
- 01/20/2026
- Updated
- 01/23/2026
- Listing ID
- a163bb54
- Parcel APN
- 33-01-01-33-484-001