Butler Apartments | 321 N Butler Blvd
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Butler Apartments 321 N Butler Blvd
12 Unit Apartment Building $850,000 ($70,833/Unit) Lansing, MI 48915
Investment Highlights
- Most Units Fully Updated w/ Stainless Steel Appliances, New Kitchens, New Flooring etc
- Exceptional Location: Minutes from Downtown Lansing and Michigan State University
- Averaging Near 100% Occupancy
- Units are on Average $125-$150 Below Market
Executive Summary
Butler Apartments consists of (11) two-bedroom one bath averaging 850 SF and (1) one bed one bath that is also 850 SF. This asset is individually metered for tenant paid electricity, with landlord paid hot water baseboard boiler heat. Residents are also able to enjoy living in fully updated units, stainless steel appliances, new kitchens, new flooring, etc. Butler Apartments boasts common area coin operated laundry, ample parking, and being located close to downtown Lansing.
Please visit www.hmfama.com in order to download the OM and property financials.
Please visit www.hmfama.com in order to download the OM and property financials.
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $70,833 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 8,958 SF |
| No. Units | 12 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low Rise | Parking Ratio | 1.79/1,000 SF |
| Price | $850,000 |
| Price Per Unit | $70,833 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 8,958 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.79/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 11 | - | - |
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 01-01-17-276-222 | Improvements Assessment | $221,100 |
| Land Assessment | $48,000 | Total Assessment | $269,100 |
PROPERTY TAXES
Parcel Number
01-01-17-276-222
Land Assessment
$48,000
Improvements Assessment
$221,100
Total Assessment
$269,100
zoning
| Zoning Code | Mixed Z (Mixed) |
| Mixed Z (Mixed) |
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Butler Apartments | 321 N Butler Blvd
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