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Townsend Apartments 532 Townsend St

7 Unit Apartment Building $450,000 ($64,286/Unit) Lansing, MI 48933

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Investment Highlights

Currently 100% Occupied
Units are on Average $125-$150 Below Market

Exceptional Location: Minutes from Downtown Lansing and Michigan State University

Executive Summary

Townsend Apartments consists of (2) two bed one baths, (4) one bed one baths, and (1) studio unit. This asset is comprised of tenant paid electricity, and landlord paid water and gas. Residents enjoy having onsite 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.

Property Facts

Price	$450,000	Lot Size	0.12 AC
Price Per Unit	$64,286	Building Size	4,450 SF
Sale Type	Investment	Average Occupancy	71%
No. Units	7	No. Stories	2
Property Type	Multifamily	Year Built	1965
Property Subtype	Apartment	Parking Ratio	1.35/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$450,000
Price Per Unit	$64,286
Sale Type	Investment
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	71%
No. Stories	2
Year Built	1965
Parking Ratio	1.35/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.