Skyline Apartments
Multifamily | 12 Units | $83,333/unit
Marketing 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, UM Health‑Sparrow, and General Motors.
Investment highlights
The full Offering Memorandum and financials are available on the property website. Please visit https://property.creop.com/48020/index.htm?ticks=638982382752638342 and select “Download OM” to access the documents after signing the Confidentiality Agreement.
Strong In-Place Income
Currently 95% occupied and generating over $13,000 in monthly rent, providing immediate cash flow and stable tenancy.
Anchored by Diverse Employment Base
Lansing’s stable economy is supported by major employers including Michigan State University, Sparrow Health System, and General Motors — driving consistent rental demand.
Low Operating Complexity
Individually metered utilities and simplified building systems allow for lean management, lower overhead, and scalability for out-of-market or first-time multifamily investors.
Well-Maintained 12-Unit Property
Located along Lansing’s northwest Grand River corridor, Skyline Apartments offers convenient access to major employers, retail, and transportation routes. Originally built in 1965, the property underwent a renovation in 2023, including modernized interiors, updated mechanicals, and refreshed common areas, providing a turnkey investment opportunity.
Desirable Unit Mix
Comprising eleven (11) two-bedroom/one-bath units and one (1) one-bedroom/one-bath unit, the property offers an average unit size of 783 SF—ideal for both single professionals and small families.
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