Lansing, MI 48906,4221 N Grand River Avenue
Lansing, MI 48906,4221 N Grand River Avenue
Lansing, MI 48906,4221 N Grand River Avenue
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$1,100,000
Est. payment /mo
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12 Beds
12 Baths
7,760 SqFt
New

4221 N Grand River Avenue Lansing, MI 48906

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Key Details

Property Type Multi-Family

Sub Type Brownstone

Listing Status Active

Purchase Type For Sale

Square Footage 7,760 sqft

Price per Sqft $141

Subdivision Northwesternno 3

MLS Listing ID 20251052605

Style Brownstone

Bedrooms 12

Full Baths 12

Year Built 1965

Annual Tax Amount $22,241

Lot Size 0.290 Acres

Acres 0.29

Lot Dimensions Irregular

Property Sub-Type Brownstone

Source Realcomp II Ltd

Property Description

Skyline Apartments is a well-maintained 12-unit multifamily property located along Lansing's northwest Grand River corridor. Built in 1965 and fully 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 95%, 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 Lansing

Zoning Commercial

Direction South of the entrance to the Capital Region International Airport (LAN)

Rooms

Basement Partially Finished, Common

Interior

Interior Features Laundry Facility

Heating Baseboard

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Road Frontage Paved

Garage no

Private Pool No

Building

Foundation Basement

Sewer Sewer (Sewer-Sanitary)

Water Other

Architectural Style Brownstone

Level or Stories 3 Story

Structure Type Brick

Schools

School District Lansing

Others

Pets Allowed Yes

Tax ID 010106252241

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional


Realcomp MLS
Listed by Michael McClafferty of OakPointe Real Estate Advisors
Maria Rice
Maria Rice

Agent

+1(231) 640-0725 | maria@zeolirealtyfl.com

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4221 N Grand River Avenue