For Sale
$165,000

256 Grand River RdLaingsburg, MI 48848

Downtown Laingsburg, Fully Leased, Turnkey

Overview

Added:
Feb 3
Days on market:
62
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 includes two distinct income-generating units. The first unit is a spacious three-bedroom apartment, approximately 1700 square feet, boasting recent updates including a remodeled bathroom (2015) and new carpeting (2018). This apartment commands a monthly rent of $900. The second unit, currently occupied by Spirit Expressions Dance, offers approximately 1900 square feet of commercial space and generates a monthly rent of $725. The building has been meticulously maintained and updated by the long-term owners, evident in the pride of ownership reflected throughout. Significant improvements include a new furnace and AC unit (September 2019), a roof replacement (March 2021), and rear siding replacement (2014). The property is being sold as a package with the adjacent property at 260 E Grand River Road due to a shared commercial tenant on the first floor. This turnkey investment offers a strong return on investment with long-term tenants in place, making it an ideal addition to any portfolio. Note that square footage is approximate.

Property Details for 256 Grand River Rd

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

Location Insight

City
Laingsburg
County
Shiawassee
State
Michigan
Latitude
42.88988
Longitude
-84.35046
256 Grand River Rd, Laingsburg, Michigan

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256 Grand River Rd
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