$1,050,000
4221 n grand river avenue, lansing, MI 48906
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.
General Information
Price: $1,050,000
Price/SqFt: $135
Status: Active
MLS#: 20251052605
City: lansing
Post Office: lansing
Schools: lansing
County: Ingham
Subdivision: northwesternno 3
Acres: 0.29
Lot Dimensions: Irregular
Bedrooms:0
Bathrooms:12 (12 full, 0 half)
Size: 7,760 sq.ft.
Acreage: 0.29 est.
Year Built: 1965
Property Type: Multifamily
Style: 3 Story
Features & Room Sizes
Exterior: Brick
Basement: 1
Heating: Baseboard
Heating: Baseboard
Tax, Fees & Legal
Est. Summer Taxes: $19,250
Est. Winter Taxes: $2,991
Est. Winter Taxes: $2,991
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Michael McClafferty of OakPointe Real Estate Advisors, Phone: (248) 972-7040
