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DETROIT-The Lakecrest Apartment Portfolio, located in Muskegon, MI and St. Joseph,MI, is now available below replacement value, say officials with the Dietz Organization. The portfolio consists of 678 units in four communities–two in Muskegon andtwo in St. Joseph–on 23.87 acres.

The total unit breakdown is 118 studio, 447 one-bedroom, 105 two-bedroom, and 8 three-bedroom units.

Dietz Organization did not reveal that price. The property has recently seen substantial upgrades and substantial renovation, according to the company.

St. Joseph is an affluent community 90 miles from Downtown Chicago. It is known for its location along Lake Michigan dotted with beaches, parks and other natural amenities.

Muskegon is located in western Michigan, also on the Lake Michigan shoreline. Detroit and Chicago are less than a three-hour drive and Grand Rapids is 35 minutes to the southeast. Lansing, the state capital, is less than two hours away.

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