532 Townsend St - Apartments FOR SALE
Lansing, MI 48933 |
532 Townsend St
Lansing, MI 48933
HIGHLIGHTS
- The Townsend Apartments are a seven-unit apartment complex that was renovated in 2021/2022 in Lansing, the state capital of Michigan.
- Excellent location with nearby demand drivers, including the General Motors Manufacturing Plant that is six blocks away and the nearby MSU.
- Presenting any new investor with excellent in-place cash flow alongside upside through rent increases as the tenant roster rolls.
- Premium location in the heart of downtown, surrounded by popular retail amenities and just a couple blocks from the historic capital building.
- Unique unit mix possessing studio, one-bedroom, and two-bedroom units that help appeal to a large portion of the potential tenant pool.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Stabilized 100% Leased | Townsend Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
4450
STORIES
2
YEAR BUILT
1965
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
01-01-16-379-052
