Avenue Flats | 1629 E Michigan Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Avenue Flats 1629 E Michigan Ave
13 Unit Apartment Building For Sale Lansing, MI 48912
Investment Highlights
- 13 Apartment Units
- Additional properties available on Michigan Avenue as part of Portfolio
- 2 Retail Spaces - Currently Leased
Executive Summary
Global Real Estate Advisors are pleased to present the exclusive offering of Avenue Flats in Lansing, MI. This four-story building was originally constructed in 2012. Avenue Flats consists of 13 apartments units featuring 4 studio units, 7 one-bedroom units and 2 two-bedroom units totaling 8,422 square feet. The property features tenant paid electricity, with the landlord paying for water & sewer. The current owner has implemented a utility reimbursement program for water which will allow a new owner to continue to increase revenue as the program is rolled out across all leases. The property also includes 2 retail units totaling 3,274 square feet, both currently leased. The Avenue Flats is close to the Michigan State University Campus, the Michigan Capital building, plenty of restaurants, grocery stores, childcare and other businesses in Lansing.
Visit our website at https://grea.com/properties/avenue-flats/ for more information including a full offering memorandum.
This property is available individually or part of the Michigan Avenue Portfolio - Click to view more information on the portfolio opportunity - https://grea.com/properties/michigan-avenue-portfolio/
Visit our website at https://grea.com/properties/avenue-flats/ for more information including a full offering memorandum.
This property is available individually or part of the Michigan Avenue Portfolio - Click to view more information on the portfolio opportunity - https://grea.com/properties/michigan-avenue-portfolio/
Property Facts
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 13 | Building Size | 11,696 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built | 2012 |
| Building Class | B | Parking Ratio | 2.14/1,000 SF |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 11,696 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2012 |
| Parking Ratio | 2.14/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Bicycle Storage
- Walk To Campus
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 492 - 500 |
| 1+1 | 7 | - | 629 - 660 |
| 2+1 | 2 | - | 901 |
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 01-01-15-279-091 | Improvements Assessment | $1,117,814 CAD |
| Land Assessment | $27,035 CAD | Total Assessment | $1,144,849 CAD |
PROPERTY TAXES
Parcel Number
01-01-15-279-091
Land Assessment
$27,035 CAD
Improvements Assessment
$1,117,814 CAD
Total Assessment
$1,144,849 CAD
zoning
| Zoning Code | Residential (Mixed use commercial/residential) |
| Residential (Mixed use commercial/residential) |
1 of 27
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Avenue Flats | 1629 E Michigan Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.