Rivershell Apartments – INCOME PROPERTY ORGANIZATION

BuildingPhoto – 2025-05-14T161725.341

Rivershell Apartments

Available | $8,250,000

3615-3625 Bayview Drive, Lansing, MI
Property Type: Multifamily
Total Number of Units: 136
Price Per Unit: $60,662
Average Square Feet: 820
Gross Rent Multiplier: 5.70
Debt Service Coverage: 1.62
Cash Flow: $264,282
Year One ROI: 12.81%

Listing Agent: Greg Coulter

Location

EXECUTIVE SUMMARY:

Rivershell Apartments are located in Lansing, and this friendly community is within walking distance to shopping, banks, parks and a great school district. The complex was built in 1968 and has been well maintained over the years with mature trees and landscaping. It contains 136 apartments homes: 41 one-bedroom / one-bath units (750 square feet), and 95 two-bedroom / one-bath units (850 square feet).

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Managing Broker, Florida | Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio