Lansing, MI 48906,4221 N Grand River AVE
Lansing, MI 48906,4221 N Grand River AVE
Lansing, MI 48906,4221 N Grand River AVE
Lansing, MI 48906,4221 N Grand River AVE
Lansing, MI 48906,4221 N Grand River AVE
Lansing, MI 48906,4221 N Grand River AVE
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$ 1,050,000

12 Baths

7,760 SqFt


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$ 1,050,000
Save

12 Baths

7,760 SqFt

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

Lot Size 0.290 Acres

Acres 0.29

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, Natural Gas

Fireplace No

Laundry CommonArea

Exterior

Parking Features ParkingLot

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Poured

Sewer Public Sewer

Water Other

New Construction No

Schools

High Schools Lansing

School District Lansing

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

Realcomp MLS
Listed by Michael McClafferty of OakPointe Real Estate Advisors

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 18
  • 6

    Windemere Park Charter Academy

    Public | KG - 8

  • 5

    Elmwood Elementary School

    Public | 2 - 4

  • 5

    East Intermediate School

    Public | 5 - 6

  • 5

    Mid-Michigan Leadership Academy

    Public | PK - 8

  • 4

    Winans Elementary School

    Public | 2 - 4

  • 3

    Cumberland School

    Public | PK - 3

  • 3

    Sheridan Road

    Public | 4 - 6

  • 1

    Riddle Elementary School

    Public | PK - 3

  • 1

    Gier Park School

    Public | PK - 3

  • 0

    Greater Lansing Adventist School

    Private | PK - 10

  • 0

    St Gerard Elementary School

    Private | PK - 8

  • 0

    Meryl S. Colt Elementary School

    Public | PK - 1

  • 0

    Jackson National Life Child Development Center-Cclc

    Private | PK - TKG

  • 0

    St. Vincent Home

    Public | KG - 12

  • 0

    Montessori Childrens House

    Private | PK - 6

  • 0

    Willow School

    Public | PK - 3

  • 0

    Mosaica Online Academy of Michigan

    Public | KG - 12

  • 0

    Emanuel Lutheran School

    Private | PK - 8

Middle Schools 2
  • 5

    Waverly Middle School

    Public | 7 - 8

  • 3

    J.W. Sexton High School

    Public | 7 - 12

High Schools 2
  • 8

    The Early College @ Lansing Community College

    Public | 10 - 12

  • 4

    Waverly Senior High School

    Public | 9 - 12

School and business data provided by Attom Data.
Michael Broadwell

+1(248) 219-5161

broadwell@realmilife.com

8840 Dwyer Rd, Howell, Michigan, 48855, USA

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