For Sale
$165,000

260 Grand River RdLaingsburg, MI 48848

Downtown Laingsburg: Fully Leased, Turnkey

Overview

Added:
Feb 3
Days on market:
62
This exceptional mixed-use property in charming downtown Laingsburg presents a compelling investment opportunity. The building, encompassing approximately 3400 square feet, is currently fully leased, offering immediate cash flow. Two separate units comprise the property. The upper unit, a spacious three-bedroom residence, boasts approximately 1700 square feet, featuring a recently updated kitchen and bathroom (May 2019), new carpet and paint (May 2019), and commands a monthly rent of $1025. The lower unit, occupied by a commercial tenant, also measures approximately 1700 square feet and generates a monthly rental income of $725. The property sits on a 0.07-acre lot. Significant improvements have been made over the years, including rear siding replacement in 2014 and a water heater installation in 2009. The sellers have demonstrated a clear commitment to meticulous maintenance and upgrades, resulting in a property that reflects pride of ownership. This turnkey investment is offered at $165,000 and must be purchased with a companion property (ID 256) due to a shared commercial tenant on the ground floor. Square footage is approximate. This is a rare chance to acquire a stable, income-producing asset in a desirable downtown location.

Property Details for 260 Grand River Rd

Property type
Multifamily properties
Year Built
1890
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Laingsburg
County
Shiawassee
State
Michigan
Latitude
42.88986
Longitude
-84.35035
260 Grand River Rd, Laingsburg, Michigan

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260 Grand River Rd
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