Location

EXECUTIVE SUMMARY:

This community boasts 23 spacious one-bedroom and one-bath apartment homes, each measuring 645 square feet. Pennsylvania Apartments was built in 1966 and has been well maintained over the years with mature trees and landscaping. Currently Pennsylvania is operating at 96% physical occupancy and has maintained this level of performance for many years. Perhaps even more impressive than this asset’s occupancy is the improved rents ownership is achieving on renewals and new leases, as the property’s current rents are significantly below market. Pennsylvania represents a well-located asset near downtown Lansing, poised for new ownership with a value-add mentality.