Investment Overview

Marcus & Millichap is pleased to present this well maintained multifamily property located in St. Johns, just north of Lansing with convenient access to US-127. The property is ideally positioned across from national retailers and daily conveniences, including Kroger, offering strong tenant appeal in a highly accessible suburban location. The asset features a diverse unit mix with over 70% of units renovated, including updated flooring, cabinetry, appliances, and fixtures. Recent capital improvements include boiler replacements, roof upgrades, parking lot resurfacing, electrical, and plumbing updates. The property has passed inspection and is certified for the next three years. The 900 building offers private entrances and individual furnaces with tenants responsible for water and heat, while buildings 902-906 feature radiant heat with landlord-paid water, sewer, and heat. Additional amenities include on-site laundry, covered parking (currently not monetized), and professional management on site maintenance. The offering presents a stabilized investment with continued upside through remaining unit renovations, rent growth, and parking income in a strong Mid-Michigan submarket.