MI
Ingham
Lansing City
48906
4221 N Grand River Avenue
4221 N Grand River Avenue, Lansing City, MI 48906
Share Listing
Listing Type
Multi Family
Listing Status
active
19
$1,100,000

Home Details for 4221 N Grand River Avenue

Price
$1,100,000
Type
Residential Income
Bedrooms
23
Bathrooms
12.0
Square feet
7760
Year built
1965
Lot size acres
0.29
County
Ingham
Garage
Basement
Full, Partially Finished
Days on site
32
MLS Listing#
20251052605
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.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Basement
    • Full
    • Partially Finished
  • Cooling Information
    • None
  • Water Features
    • Other
  • Parking
    • Parking Lot
Listing Courtesy: OakPointe Real Estate Advisors - 248-972-7040
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430
Office
810 347 5354
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