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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

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    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.
    (248) 972-7040
    Request Owner's contact information
    4221 N Grand River Ave Lansing, MI 48906
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4221 N Grand River Ave Lansing, MI 48906
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