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3900 Burneway Dr
Lansing, MI 48911

Twin Oaks Meadows · Multifamily Property For Sale · 63 Units

Investment Highlights

  • Attractive Unit Mix: 52 One Bedroom and 11 Two Bedroom Units.
  • Balcony Access on Select Units.
  • Newer High Efficiency Boiler and Hot Water System.
  • Multiple Camera Surveillance System.
  • All Units Have Been Lightly Upgraded (Bathrooms, Flooring, Paint, Etc).
  • On-Site Laundry Facilities, Controlled Access, Elevator Access and Community Room.

Executive Summary

55 and Older Conventional Senior Community. Non-Deed Restricted: Opportunity to Change Market Segments.

PROPERTY FACTS Under Contract

Price Per Unit $71,777 CAD
Sale Type Investment
No. Units 63
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 4.48 AC
Building Size 53,528 SF
Average Occupancy 98%
No. Stories 3
Year Built 1994
Parking Ratio 1.01/1,000 SF

Unit Amenities

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven

Site Amenities

  • Controlled Access
  • Clubhouse
  • Laundry Facilities
  • Security System
  • Elevator
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 52 - 542 - 566
2+1 11 - 725 - 786

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23504036429041
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,552,540 CAD

zoning

Zoning Code DM/1
DM/1
  • Listing ID: 31511059

  • Date on Market: 2024-04-15

  • Last Updated:

  • Address: 3900 Burneway Dr, Lansing, MI 48911

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