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532 Townsend St
Lansing, MI 48933
 Stabilized 100% Leased | Townsend Apartments · Multifamily Property For Sale · 7 Units

Apartment Buildings Michigan Lansing 532 Townsend St, Lansing, MI 48933

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

More public record information on 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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Near Michigan State University

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