532 Townsend St | Lansing, MI 48933
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532 Townsend St
Lansing, MI 48933
Townsend Apartments · Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Townsend Apartments, at 532 Townsend Street, is a seven-unit low-rise apartment building with average majority occupancy.
- Upside opportunity for the next investor to bump rent as they are currently averaging below market rate at $125-$150.
- In an exceptional location just minutes from Downtown Lansing and Michigan State University.
- Plenty of resident parking on-site.
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 | 1965 |
| 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 | 1965 |
| 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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 4 | - | - |
| Studios | 1 | - | - |
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