321 N Butler Blvd | Lansing, MI 48915
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321 N Butler Blvd
Lansing, MI 48915
Stabilized 100% Leased | Butler Apartments · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Excellent opportunity to acquire a 12-unit, 8,958-SF multi-family building conveniently established in the heart of Downtown Lansing, Michigan.
- The fully occupied asset of the Butler Apartments presents the profitable investment opportunity of a stabilized Michigan asset.
- Recent CapEx includes upgraded windows, signage, roofing, and carpeting, plus more than 25% of the units receiving new appliances.
- Nestled in the capital city and near Michigan State University, many parks and golf courses, and four public transit bus stops.
- Unit mix consists of 11 large two-bedroom, one-bath units and a single-bedroom apartment, all completing the city of Lansing inspection.
PROPERTY FACTS
| No. Units | 12 | Building Size | 10,050 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2022 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Lot Size | 0.39 AC | ||
| Zoning | Mixed Z - Mixed | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 10,050 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2022 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | Mixed Z - Mixed |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 01-01-17-276-222 | Improvements Assessment | $207,000 |
| Land Assessment | $48,000 | Total Assessment | $255,000 |
PROPERTY TAXES
Parcel Number
01-01-17-276-222
Land Assessment
$48,000
Improvements Assessment
$207,000
Total Assessment
$255,000
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