Contact info

• 517-321-2800 [Office] 

Description

Comet's Crossing is a 37 Unit student housing apartment complex adjacent to the Olivet College campus in Olivet Michigan. The property features an ideal mix three, two and one bedroom apartments in a park like setting. On 3.1 acres, the property was converted in 1995 from the former Olivet High School. Features such as many of the original classroom built in cabinets and lockers in the halls add to the charm of this former school.The property includes the original gymnasium which is currently unused and has had plans drawn up to add an additional 16 apartment units to the building in the future.An outdoor horseshoe area and fire pit are available for residents use. Each unit is separately metered for electric and has its own electric heat and hot water heater.All Vinyl windows throughout propertyEach unit has an air conditioner unit. Units on the back of the building have balconies.Laundry facilities are located on each floor and are owned by the complex.A manager currently resides in one of the three bedroom units with a two stall garage.The property could represent a significant value add to an active management team in driving down vacancy or possibly moving to school term leasing. Building price details: $1,154,362.

Property Details

• Building Name:Comets Crossing
• Type: Multifamily
• Use Types:Low-Rise/Garden, Student Housing
• Status: Available
• Year Built: 1921
• Year Renovated: 1995
• MSA: Lansing-East Lansing
• Zoning: RESIDENTIAL
• Buildings: 2
• ConstructionBrick

Exterior Features

• Parking Type: Surface

Terms

• Cash to Seller 

Agent

Map Locations