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About the Listing 115113 - 679030
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.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Multi-Family
MLS ®
60951878
Year Built
1965
Total Square Footage
7,760
Lot/Acreage
0.29
County
Ingham
Neighborhood
Northwesternno 3
Area
Lansing (33021)
School District
Lansing Public School District
Interior Details
- Bedrooms: 0
- Bathrooms: 12 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 7760
- Below Ground Sq Ft: n/a
- Basement: Common,Poured,Partially Finished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: Irregular
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $22,241
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
4221 N Grand River Lansing, MI 48906
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