Monopoly Portfolio

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Lansing, MI | Units: 283 | Listing Agent: A.J. Beachum, J.D. & Joe Crane

Location

Executive Summary

Belmont Park Apartments is a 105-unit Multi-Family community just north of W. Jolly Road I-69 on the eastside of S. Martin Luther King Jr. Boulevard. Belmont Park was built in 1972 and has recently seen many improvements. The property offers a diversified and extremely competitive unit mix comprised of 35, one-bedroom units with approximately 722 sq.ft. of living space, and 70, two-bedroom units with approximately 822 sq.ft. of living space. The landlord is responsible for the water, gas, and electric in the common areas. The building has hot-water baseboard heating which the landlord is responsible for. One major benefit Belmont Park offers is its proximity to local transportation as it is located along a bus line.