For Sale
$165,000

252 Grand River Rd Laingsburg, MI 48848

Downtown Laingsburg, turnkey investment

Property Records

Overview

Added:
Feb 3
Days on market:
85
This exceptional investment opportunity presents a fully leased, mixed-use property situated in the charming downtown area of Laingsburg, Michigan. The property encompasses a 0.07-acre lot and features two one-bedroom apartments, each approximately 600 square feet, currently renting for $550 per month. In addition, a 1200 square foot commercial space, currently occupied by Laingsburg Eye Care, generates a monthly rental income of $790. The building has been meticulously maintained and updated by the long-term owners, showcasing pride of ownership and a history of stable tenancy. Many tenants have enjoyed long-term leases, contributing to consistent rental income. This turnkey property offers immediate cash flow and a strong return on investment. Note that this property can be purchased individually or as part of a larger package including two adjacent properties (MLS #285035 & 285037), presenting an even more significant investment opportunity for a buyer seeking a portfolio expansion in a desirable downtown location. The combined properties offer a compelling opportunity for a substantial and diversified income stream. This is a rare chance to acquire a well-maintained, income-producing property in a thriving downtown setting.

Property Details for 252 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
42.88994
Longitude
-84.35049

FAQs

What type of property is this?
Multifamily property - Downtown Laingsburg, turnkey investment
Where is the multifamily property located?
The property is located at 252 Grand River Rd Laingsburg, MI.
What is the asking price?
The asking price for this property is $165,000.
How can I contact the broker?
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252 Grand River Rd
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