4221 N Grand River Ave - Apartments FOR SALE
Lansing, MI 48906 |
$1,140,000 USD
248-972-7040
4221 N Grand River Ave
Lansing, MI 48906
HIGHLIGHTS
- The Ingham County submarket contains over 30,000 market rate apartments. Q2 occupancy is nearly 95%
- Frontage on Grand River Ave. which provides access to I-96, US 127, I-69 and I-496.
- Located immediately southeast of a major international airport entrance. There are 700 people employed at the airport, and LAN contributes nearly 6,2
- Residents enjoy access to amenities of Downtown Lansing and East Lansing.
OVERVIEW
Berkadia is pleased to present the Skyline Apartments, a 12-unit multifamily property. Situated on Grand River Avenue, just south of the entrance to the Capital Regional International Airport, this property features a low-maintenance exterior and a series of recent capital improvements including a new boiler and windows.
FOR SALE DETAILS
PRICE
$1,140,000 USD
PRICE/SF
$125 USD /SF
# OF UNITS
12
PRICE/UNIT
$95,000
CAP RATE
7.06%
% LEASED
92%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Skyline Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1965
PARKING SPACES
21
LAND DETAILS
LAND ACRES
0.29 AC
LAND SF
12,724 SF
ZONING
D-1 PRO
APN/PARCEL ID
01-01-06-252-241
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248-972-7040
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248-972-7040
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