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241 Louis St
East Lansing, MI 48823
Michigan State University SFR Portfolio · Multifamily Property For Sale
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24 Units
Investment Highlights
- 100% occupied student housing portfolio
- Opportunity to redevelop select parcels into higher-density student housing
- 1,830 licensed beds and 228 total properties
- Majority single-family rental (SFR) with additional multi-unit buildings
- Third-party management in place
- $1,150,000 projected monthly revenue in 2024-25
Property Facts
| No. Units | 24 | Lot Size | 1.01 AC |
| Property Type | Multifamily | Building Size | 43,431 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2008 |
| Building Class | B | Parking Ratio | 0.83/1,000 SF |
| Zoning | RM32 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 43,431 SF |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | RM32 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Lounge
Property Taxes
| Parcel Number | 20-01-13-237-042 | Improvements Assessment | $2,429,000 |
| Land Assessment | $138,300 | Total Assessment | $2,567,300 |
Property Taxes
Parcel Number
20-01-13-237-042
Land Assessment
$138,300
Improvements Assessment
$2,429,000
Total Assessment
$2,567,300
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