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4221 N Grand River Ave
Lansing, MI 48906 Northwestside

$1,050,000 USD

Apartments For Sale • 9,096 SF

Property Details

Property Type Apartments
Total Building Size 9,096 SF
Lot Size 0.29 AC
Building Class C
Year Built 1965
Cap Rate 7.33 %
Zoning D-1 PRO

25 Transit Score

33 Walk Score

                
                    Highlights
                
                                Low Operating Complexity -Individually metered utilities and simplified building systems allow for lean management and lower overhead.
                            
                                Well-Maintained 12-Unit Property
                            
                                Strong In-Place Income with upside

Cap Rate:

7.33 %

Amenities

24 Hour Access
Air Conditioning
Cable Ready
Controlled Access
Dishwasher
Disposal
Washer/Dryer Hookup
Heating
Kitchen
High Speed Internet Access
Ice Maker
Refrigerator
Oven
Range
Tub/Shower
Walk-In Closets
Carpet
Maintenance on site
Online Services
Handrails
Vinyl Flooring
Warming Drawer
Wheelchair Accessible (Rooms)
Window Coverings
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
East Lansing Amtrak Station (Blue Water - Amtrak)	14 min	-	7.4 mi
Airport	Drive	Walk	Distance
Capital Region International	2 min	-	0.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	21
Type:	Surface
Included in Rent:	Yes

Michael McClafferty 248-972-7040 OakPointe Real Estate Advisors

4221 N Grand River Ave Lansing, MI 48906 Northwestside