Location

EXECUTIVE SUMMARY:

Everett Apartments, located in Lansing, MI, is a charming garden-style community built in 1975. Nestled on a spacious 5-acre lot adjacent to Everett High School, the property features five buildings comprising fifty 825 ft² two-bedroom units. Ownership has recently renovated 45 of these units, ensuring modern comforts and updated amenities for residents. Tenants enjoy the convenience of having electricity and gas utilities separately metered, while the landlord takes care of water, lawn, and snow maintenance. Situated just 2.5 miles west of I-496 and 2.5 miles north of I-96, Everett Apartments offers a perfect blend of comfort and accessibility.

Currently Everett is operating at 98% physical occupancy and has maintained this level of performance for many years, requiring only minimal management oversight from ownership. Even more impressive than this asset’s occupancy are the improved rents ownership is achieving on renewals and new leases.