19
See all 19 photos
$1,100,000
Est. payment /mo
12 Baths
0.29 Acres Lot
New
4221 N Grand River Avenue Lansing, MI 48906
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Lansing City
Subdivision Lansing City
MLS Listing ID 20251052605
Year Built 1965
Annual Tax Amount $22,241
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions Irregular
Source Realcomp
Property Description
Skyline Apartments is a well-maintained 12-unit multifamily property located along Lansing's northwest Grand River corridor. Built in 1965 and fully 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 95%, 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
Zoning Commercial
Direction South of the entrance to the Capital Region International Airport (LAN)
Interior
Heating Baseboard
Exterior
View Y/N No
Building
Structure Type Brick
Schools
School District Lansing
Others
Tax ID 010106252241
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by OakPointe Real Estate Advisors