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Multifamily Apartment Investment
For Sale
$3,350,000

900 E Sturgis St, Saint Johns, MI 48879

Well maintained multifamily with extensive renovations, on-site laundry, and multiple heating and utility arrangements.

Days on Market58

Property Features for 900 E Sturgis St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Cap Rate 6.77%
Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: Detroit Office
Listed By: Chase Gilewski · License #License(s): MI: 6501424054
Source: Marcusmillichap
Added: Jun 3 Changed: Jul 10 Last Checked: Jul 30 at 2:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Detroit Office

Investment Insights

Based on property information with market context.

This well maintained multifamily property features a diverse unit mix with more than 70% of units renovated. Renovation scope includes updated flooring, cabinetry, appliances, and fixtures. Recent capital improvements include boiler replacements, roof upgrades, parking lot resurfacing, and electrical and plumbing updates. The property has passed inspection and is certified for the next three years.

The 900 building offers private entrances and individual furnaces, with tenants responsible for water and heat. Buildings 902–906 feature radiant heat with landlord-paid water, sewer, and heat. On-site amenities include laundry facilities and covered parking, which is currently not monetized. Professional on-site management and maintenance are in place.

Located in St. Johns, just north of Lansing, the property provides convenient access to US-127 and sits across from national retailers and daily conveniences, including Kroger. With a largely renovated unit base and a mix of utility and heating setups across buildings, this asset is positioned for tenants seeking a straightforward rental experience and for operators looking for a property with documented recent upgrades and current certification.

Key Highlights

  • Multifamily in St. Johns, just north of Lansing, with convenient access to US‑127
  • 900 building has private entrances and individual furnaces; tenants pay water and heat
  • Buildings 902‑906 feature radiant heat with landlord‑paid water, sewer, and heat

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Parking Lot & Garage Daycare Center Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

713
Businesses Nearby

Demographics for 48879, MI

17,980
Population
7,521
Households
2.4
Avg Household Size
42
Median Age
23%
College-Educated
95%
High-School Grad
191.3 sq mi
ZIP Area
94
Density / Sq Mi
$78,845
Median Household Income
$46,934
Median Earnings
$884
Median Rent
$215,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well maintained multifamily with extensive renovations, on-site laundry, and multiple heating and utility arrangements.
Where is this apartment building located?
The property is located at 900 E Sturgis St Saint Johns, MI.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Multifamily in St. Johns, just north of Lansing, with convenient access to US‑127; 900 building has private entrances and individual furnaces; tenants pay water and heat; Buildings 902‑906 feature radiant heat with landlord‑paid water, sewer, and heat
More about this property
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