4221 N Grand River AVE, Lansing, MI 48906 - MLS#20251052605

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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$1,100,000

12 Baths

7,760 SqFt

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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 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

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

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

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Jason Miller

+1(248) 444-8774

Broker | Brerms:277398

Broker Brerms:277398

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4221 N Grand River AVE Lansing, MI 48906

Jason Miller

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Get More Information