3501 Simken Drive
- 11,598 SF building with 12 units
- Established property built in 1966
- Renovated apartment interiors 2024/2026
- Prime location for retail and service industry workforce residents
- View of Beacon Park right outside the front door
- The combination of a quiet cul-de-sac location and park-side positioning creates a living environment that stands out in the marketplace - driving strong tenant appeal and stability.
- This asset delivers both strong lifestyle appeal for tenants and reliable income potential for ownership.
Property Description
Workforce Housing Investment Opportunity – 3501 Simken Dr, Lansing, MI Located on a quiet, tree-lined cul-de-sac in Southeast Lansing, 3501 Simken Drive offers a compelling 12-unit multifamily investment opportunity in a stable, workforce-driven submarket. This property uniquely combines a peaceful residential setting with immediate access to parks, schools, and daily conveniences—making it highly attractive to long-term tenants. Property Highlights 12-Unit Multifamily Apartment Building Nestled on a low-traffic cul-de-sac with strong neighborhood appeal Surrounded by mature trees and established residential housing Situated in Southeast Lansing, known for consistent rental demand Ideal for workforce housing tenants seeking affordability and livability Unmatched Location Benefit One of the property’s most compelling features is its direct proximity to Beacon Soccer Field and Park—essentially an extension of the front yard. Tenants benefit from: Immediate access to open green space Walking-distance recreation and charter schools A built-in amenity rarely found in comparable assets Enhanced quality of life with outdoor activity, sports, and community space literally right outside the door This park-side setting significantly elevates tenant experience, supporting retention and long-term occupancy. Nearby Amenities Residents enjoy convenient access to a wide range of everyday essentials: Retail & Grocery: Meijer, Kroger, and nearby shopping corridors Dining: Diverse options along Cedar Street and surrounding commercial areas Parks & Recreation: In addition to Beacon Soccer Field, Hawk Island Park and Moores Park are just minutes away Healthcare: Close proximity to McLaren Greater Lansing and Sparrow Hospital Transportation: Easy access to I-96 and US-127 for seamless commuting Nearby Schools Located within the Lansing School District, the property benefits from access to: Gardner International Magnet School (PreK–8) Dwight Rich School of the Arts Everett High School Approximately 10–15 minutes to Michigan State University, supporting workforce and related housing demand
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $815,000 |
| No. of Units: | 12 |
| Year Built: | 1966 |
| Lot Size: | 0.75 Acres |
| Opportunity Zone: | No |
| Price per unit: | $67,917 |
| Property Website | Click Here |
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