241 Louis Street

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Address: 241 Louis Street, East Lansing, Michigan, US
Created date: April 9, 2024
Date last updated: May 15, 2024
  • 100% occupied student housing portfolio
  • Majority single-family rental (SFR) with additional multi-unit buildings
  • Opportunity to redevelop select parcels into higher-density student housing
  • Third-party management in place
  • 1,870 licensed beds
  • 228 total properties
  • $1,150,000 projected monthly revenue in 2024-25

Property Description

NAI Farbman is pleased to offer the opportunity to acquire a significant assembly of student housing at Michigan State University. The portfolio consists of Single-Family Rentals (SFRs), Apartment properties, and multiple commercial and vacant parcels within walking distance to campus. Many existing rentals are clustered together, offering the opportunity to redevelop parcels into higher-density student housing when the timing is best. The portfolio is offered with 3rd-party management in place, allowing for investors without local scale to enter the market easily without having to build a team. This is a rare opportunity for investors looking to put significant capital to work in a highly stable portfolio of assets in an irreplicable location.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 1870
Opportunity Zone: No
Property Website Click Here
Address: 241 Louis Street, East Lansing, MI 48823, USA
Provided by:

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