Lansing 74 Apartments | 5500 Kaynorth Rd
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Lansing 74 Apartments 5500 Kaynorth Rd
74 Unit Apartment Building For Sale Lansing, MI 48911
Investment Highlights
- Lansing 74 is a low-rise, five-building apartment complex located in Lansing, Michigan with 74 apartments spread across 57,202 rentable square feet.
- Highly sought-after multi-family investment opportunity to acquire a recently renovated, upgraded asset that is currently 81% occupied.
- Premium amenities include stainless steel appliances, in-suite washers and dryers, and exterior balconies.
- Prime location in Lansing, Michigan with convenient access to retailers such as Target, Meijer, Dollar Tree, and ALDI.
- Fantastic access to a large population base with nearly 150,000 people within five miles, 46% of whom rent their living spaces.
Executive Summary
Lansing 74 is a 5 building, three-story, multifamily complex comprised of spacious two-bedroom floors plans with luxury amenities and finishes. The spacious living and kitchen areas feature stainless steel appliances, granite countertops, walk-in closets, balconies, and in unit washer and dryer. The property is conveniently located next to the South Lansing Trail, and near local highways, restaurants, and shopping provides residents a great location close to everyday conveniences.
Current owners have incurred over $2.2M in capital expenditures including, but not limited to, unit renovations, roofs, windows, appliances, flooring, and a new high efficiency boiler / hot water system.
Current owners have incurred over $2.2M in capital expenditures including, but not limited to, unit renovations, roofs, windows, appliances, flooring, and a new high efficiency boiler / hot water system.
Property Facts
| Sale Type | Investment | Lot Size | 4.82 AC |
| No. Units | 74 | Building Size | 64,782 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1978/2022 |
| Building Class | C | Parking Ratio | 2.67/1,000 SF |
| Sale Type | Investment |
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.82 AC |
| Building Size | 64,782 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 1978/2022 |
| Parking Ratio | 2.67/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Views
- Walk-In Closets
- Dining Room
- Intercom
- Patio
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 74 | - | 773 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,332,900 | |
| Land Assessment | $296,000 | Total Assessment | $1,628,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$296,000
Improvements Assessment
$1,332,900
Total Assessment
$1,628,900
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Lansing 74 Apartments | 5500 Kaynorth Rd
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