532 Townsend St | Lansing, MI 48933
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This Multifamily Property is no longer advertised on LoopNet.com.
532 Townsend St
Lansing, MI 48933
Stabilized 100% Leased | Townsend Apartments · Multifamily Property For Sale
·
7 Units

INVESTMENT HIGHLIGHTS
- The Townsend Apartments are a seven-unit apartment complex that was renovated in 2021/2022 in Lansing, the state capital of Michigan.
- Presenting any new investor with excellent in-place cash flow alongside upside through rent increases as the tenant roster rolls.
- Unique unit mix possessing studio, one-bedroom, and two-bedroom units that help appeal to a large portion of the potential tenant pool.
- Excellent location with nearby demand drivers, including the General Motors Manufacturing Plant that is six blocks away and the nearby MSU.
- Premium location in the heart of downtown, surrounded by popular retail amenities and just a couple blocks from the historic capital building.
PROPERTY FACTS
| No. Units | 7 | Building Size | 4,450 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 | 1.35/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | MF - Multi Family | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2022 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | MF - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Listing ID: 29422098
Date on Market: 9/1/2023
Last Updated:
Address: 532 Townsend St, Lansing, MI 48933
The Downtown Lansing Multifamily Property at 532 Townsend St, Lansing, MI 48933 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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