Gaslight Village Apartments

Sold | $5,200,000

East Lansing, MI | Units: 38 | Price Per Unit: $58,427 | Avg Sq Ft: 1,248 | DSC: 1.38 | Listing Agent: J.J. Zwada

Location

Executive Summary

Gaslight Village is a three-story, luxury community that consists of a strategic unit mix of one, two, and three-bedroom apartments, totaling 89 bedrooms within the 38 unit complex. Notably, all the two and three-bedroom units contain either 2 or 2.5 baths, thus a private bath for each resident, providing a decisive advantage in the marketplace. The building was constructed in 2006 and saw a major renovation in 2016. Originally developed as luxury condominiums and platted with a Master Deed, the community was converted to rentals to account for the changing market condition.