Beacon Lake Apartments
Beacon Lake Apartments LLC is an investment in an existing stabilized and cash flowing apartment community, Beacon Lake Apartments, consisting of 240 garden-style units located in Mason (East Lansing), Michigan. Home to Michigan State University, and Michigan’s state capital, the property is situated in the Mason submarket, one of the most desirable in the East Lansing market, known for its strong schools, central location and easy access to major employers.
The community was built in 1994 and consists of 48 one bedroom units and 192 two bedroom units within 15 buildings along with a leasing center. Amenities include two scenic lakes, an outdoor pool with sundeck, a clubhouse, fitness center, community garden, picnic area and gazebo, and enough carports for every unit. The unit interiors include ceiling fans, large walk-in closets, balcony or patios, full-size washer/dryers, vaulted ceilings on the second floor and fully-equipped kitchens with built-in microwaves. Aesthetic upgrades to units include new cabinet doors, resurfaced countertops, brushed nickel lighting, new appliances, two tone paint, and vinyl wood flooring as well as updates to the exterior landscaping.
The city of Mason is a vibrant area known for great schools, central location and easy access to major employers, including Michigan State University, the extensive local hospital network and state government. With its proximity to US-127, residents have a short drive to many key employers such as Dart Container, Gestamp, Jackson National Life Insurance, Delta Dental Insurance, and several other large corporations.
We completed a successful sale of the Beacon Lake property in May, 2021.