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4221 N Grand River Ave Lansing, MI 48906

For Sale
$1,050,000

Well-maintained, fully occupied 12-unit apartment building near Grand River.

Lot size:
0.29 Acres

Property Features for 4221 N Grand River Ave

General Information

Lot size
0.29 Acres

Building Details

Year built
1965

Source: OakPointe Real Estate Advisors Agent Michael McClafferty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Renovated Multifamily Property in Lansing

The Skyline Apartments is a 12-unit multifamily property situated along the northwest Grand River corridor in Lansing. Constructed in 1965 and renovated in 2023, the property encompasses a total of 7,760 square feet within a two-story building featuring a garden-level layout. The unit mix includes eleven 2-bed/1-bath apartments and one 1-bed/1-bath unit, with an average unit size of 783 square feet. The property is currently 100% occupied, generating over $13,000 in monthly rent. This multifamily investment opportunity is supported by Lansing's employment base, which is anchored by Michigan State University, Sparrow Health, and General Motors.
Insight Report Location Intelligence

Current Use by Public Records

Skyline Aparments Apartment Building Skyline Apartments Apartment Rental Agency

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lansing
County
Eaton
State
Michigan
Longitude
-84.588803
Latitude
42.765774

FAQs

What type of property is this?
Apartment building - Well-maintained, fully occupied 12-unit apartment building near Grand River.
Where is this apartment building located?
The property is located at 4221 N Grand River Ave Lansing, MI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: - 100% Occupancy generating over $13,000 monthly rent.; - Renovated in 2023.; - Multifamily investment opportunity in Lansing.
More about this property
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