248-255-6052
501 S Capitol Ave, Lansing, MI for Sale
Apartments - FOR SALE
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501 S Capitol Ave
Lansing, MI 48933
Downtown Lansing


OVERVIEW

New construction 117-unit Class A mid-rise four blocks from the Michigan State Capitol Stabilizing post-receivership with ±94% occupancy after strong spring leasing Studio, 1BR, and 2BR units with upscale finishes, in-unit laundry, walk-in closets, and separate electric metering Amenities include: 43-space garage, rooftop lounge, and ±3,459 SF shell commercial space ideal for fitness or coworking Walkable to downtown Lansing landmarks and accessible via I-496, I-69, and I-96 Near major employers including State of Michigan, MSU, Sparrow, GM, and others

FOR SALE DETAILS

PRICE

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# OF UNITS

117

CAP RATE

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% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,425 SF

ZONING

Residential

APN/PARCEL ID

01-01-16-381-006

ASK ABOUT THIS PROPERTY

Richard DeptulaFriedman Real EstateMore Info
248-255-6052

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Richard DeptulaFriedman Real EstateMore Info
248-255-6052

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