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144-224 Highland Ave
East Lansing, MI 48823
Highland Apartments · Multifamily Property For Sale
·
58 Units
Investment Highlights
- The East Lansing submarket contains over 15,000 market-rate apartments, 1Q24 occupancy exceeds 95%, and the effective rent is up 5.1% YOY.
- Minutes away from major freeways including I-96, US-127, I-69, and I-496
- Available to be purchased individually or as a portfolio (136)units.
- Resident base is mix of conventional/student housing.
- Approximately 62.8% of workers within the submarket are in white collar positions.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 45 | - | 436 - 652 |
| 2+1 | 11 | - | 705 |
| 3+1 | 2 | - | 828 |
Property Taxes
| Parcel Number | 20-01-13-114-011 | Improvements Assessment | $217,700 |
| Land Assessment | $80,000 | Total Assessment | $297,700 |
Property Taxes
Parcel Number
20-01-13-114-011
Land Assessment
$80,000
Improvements Assessment
$217,700
Total Assessment
$297,700
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