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Additional details
$ 1,050,000
Active
4221 N Grand River AVE Lansing, MI 48906
12 Baths
7,760 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 7,760 sqft
Subdivision Northwesternno 3
MLS Listing ID 20251052605
Style Other
Full Baths 12
Year Built 1965
Property Sub-Type MultiFamily
Property Description
Skyline Apartments is a well-maintained 12-unit multifamily property located along Lansing's northwest Grand River corridor. Built in 1965 and renovated in 2023, the property totals 7,760 SF across one two-story building with a garden-level layout. The unit mix consists of eleven 2-bed/1-bath apartments and one 1-bed/1-bath unit, averaging 783 SF. Current occupancy is 100%, generating over $13,000 in monthly rent with additional upside through continued rent growth and operational efficiencies. Priced at $1,100,000 ($91,667/unit), Skyline offers investors a multifamily investment opportunity, supported by Lansing's strong employment base anchored by Michigan State University, Sparrow Health, and General Motors.
Location
State MI
County Ingham
Area Area11012Lansing
Rooms
Basement Common, Full, PartiallyFinished
Interior
Heating Baseboard, NaturalGas
Laundry CommonArea
Exterior
Parking Features ParkingLot
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Poured
Sewer PublicSewer
Water Other
New Construction No
Schools
School District Lansing
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Michael McClafferty of OakPointe Real Estate Advisors