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- LoopNet Team
1401 E Kalamazoo St
Lansing, MI 48912
Pacific Apartments · Multifamily Property For Sale
·
105 Units
PROPERTY FACTS
| No. Units | 105 | Building Size | 85,401 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1961/2016 |
| Building Class | C | Parking Ratio | 2.61/1,000 SF |
| Lot Size | 3.93 AC | ||
| Zoning | R-MX | ||
| No. Units | 105 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.93 AC |
| Building Size | 85,401 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1961/2016 |
| Parking Ratio | 2.61/1,000 SF |
| Zoning | R-MX |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Carpet
SITE AMENITIES
- Laundry Facilities
ABOUT 1401 E KALAMAZOO ST , LANSING, MI 48912
POTENTIAL RE-DEVELOPMENT Although the portfolio is currently positioned as workforce housing, Beverly Place can be a significant Re-development play. Beverly is well located between the University and Downtown Lansing. The entire corridor between Michigan State and Downtown is currently under major re-development. A new Hospital is being built in close proximity to the property as well as high-end Multi-Family, Condominium, and Retail assets. It is part of the cities development plan to significantly upgrade the corridor in the past and future years. They are very pro-development in the corridor. A 300 unit mixed-use project is high on the city plannings list for the site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 83 | $650.00 | 500 - 525 |
| 2+1 | 21 | $750.00 | 694 - 730 |
| 3+1 | 1 | $900.00 | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,458,200 | |
| Land Assessment | $515,000 | Total Assessment | $1,973,200 |
PROPERTY TAXES
