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Student Housing Near MSU Sells for $132,500 Per Unit

EAST LANSING, MI-A 10-unit student housing multifamily rental building in East Lansing has been sold for $1.3 million. The Burcham - Alton Townhomes are pre-leased for the 2004-05 school year.

By Dan Heaton | Updated on July 08, 2004

EAST LANSING, MI-A 10-unit multifamily rental community in East Lansing has been sold for $1,325,000. The Burcham – Alton Townhomes are licensed for use by up to 30 students.

The complex is not far from Michigan State University, and is located at the corner of Burcham and Alton. The property was recently completely renovated and is pre-leased for the 2004-05 school year. The seller was CLD Management, LLC of Okemos. The buyer was AMA Investments – Spartan, LLC of Livonia.

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