For Sale
$530,000

920 Grand River Ave Williamston, MI 48895

8-Unit Apartment Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents an 8-unit apartment building ideally situated at 920 W. Grand River Ave in Williamston, Michigan. Boasting a substantial 6,300 square feet of net rentable space within a 7,004 square foot building, this property sits on a 0.33-acre lot and is zoned R-3. Currently enjoying 100% occupancy, this multifamily complex offers a compelling 8.06% cap rate and is priced at $530,000. Located just blocks from downtown Williamston, residents benefit from easy access to a vibrant array of local amenities, including the Williamston Theatre, the Farmers Market, and numerous parks. The property's prime location provides convenient access to major highways, ensuring a smooth commute to nearby cities such as Lansing. This presents a rare chance to acquire a fully leased, high-performing asset in a thriving Michigan community experiencing significant real estate value growth. The property's strong performance and desirable location make it an attractive investment for both seasoned and emerging investors seeking a stable and appreciating asset in a sought-after market. Detailed financial information is available upon request.

Highlights

  • $530,000 asking price.
  • 8-unit multifamily investment opportunity.
  • 6,300 square feet of net rentable space.
  • 8.06% cap rate.
  • 100% occupancy.
  • R-3 zoning.

Property Details for 920 Grand River Ave

Property type
Investment properties
Square Feet
7,004 SF
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Williamston
County
Ingham
State
Michigan
Latitude
42.6880479
Longitude
-84.2967532
920 Grand River Ave, Williamston, Michigan

FAQs

What type of property is this?
Investment property - 8-Unit Apartment Building, High Occupancy
Where is the investment property located?
The property is located at 920 Grand River Ave Williamston, MI.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: $530,000 asking price.; 8-unit multifamily investment opportunity.; 6,300 square feet of net rentable space.
How can I contact the broker?
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920 Grand River Ave
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