408 Ann Street, East Lansing, MI 48823

Rarely available opportunity to acquire a stabilized, income-producing student housing asset in one of Michigan's most resilient rental markets. This 11-unit apartment building — purpose-positioned for graduate student tenants — sits just three blocks from the Michigan State University campus, delivering the kind of location-driven demand that keeps vacancy risk virtually nonexistent.

The Numbers Tell the Story Eight consecutive school years of 100% occupancy. That's not a marketing claim — it's a track record that reflects the unrelenting demand for quality, proximate housing among MSU's graduate population. Currently Operating at 11 beds with a stable, proven rent roll, the property carries a stateissued license supporting up to 22 beds, offering a clear and documented path to nearly double the income-generating capacity without a change-of-use hurdle.

100% Occupied — Every school year for 8 consecutive years

Double the Income Licensed for 22 beds, currently operating at 11

Parking Revenue Onsite parking as an untapped additional income stream

Turnkey Asset — 4,808 SF, stable rent roll, no repositioning needed