Michigan State University Student Rental 5 Multifamily Properties Offered at $1,875,000 in East Lansing, MI
INVESTMENT HIGHLIGHTS
- Within walking distance of MSU campus.
- All utilities paid by tenants.
- 100% of units already leased for 2023-2024.
EXECUTIVE SUMMARY
Five homes converted to student housing all Walkable to MSU's nearby campus. Currently fully occupied with leases being put in place for 2023-2024 school year 60% of units already leased for 2023-2024. All utilities paid by tenants. Licensed for 26 beds.
PROPERTY FACTS
| Price | $1,875,000 |
| Price / SF | $220.61 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 8,499 SF |
| Total Land Area | 0.88 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1003-1005 Ann St, East Lansing, MI 48823 | Multifamily | 2,240 SF | 1949 | - |
| 425 Ardson Rd, East Lansing, MI 48823 | Multifamily | 1,626 SF | 1949 | - |
| 523 Dorothy Ln, East Lansing, MI 48823 | Multifamily | 1,389 SF | 1923 | - |
| 621 Charles St, East Lansing, MI 48823 | Multifamily | 1,192 SF | 1927 | - |
| 568 Spartan Ave, East Lansing, MI 48823 | Multifamily | 2,052 SF | 1955 | - |
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