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Appletree Apartments 920 W Grand River Ave 5 Unit Apartment Building $530,000 ($106,000/Unit) 8.06% Cap Rate Williamston, MI 48895
EXECUTIVE SUMMARY
Call list agents for confidential offering memorandum.
8-unit apartment building situated on a 0.33-acre site at 920 W. Grand River, within the charming and growing town of Williamston, Michigan. This property offers a unique blend of convenience, comfort, and accessibility, making it an excellent investment opportunity in a market experiencing a notable increase in real estate values.
This investment opportunity is a fully leased 6,300 SF multifamily property, located just blocks away from downtown Williamston, providing easy access to local amenities, shopping, and several local attractions, including the Williamston Theatre, the bustling Williamston Farmers Market, and multiple surrounding parks and recreation facilities.
With convenient access to major highways and an easy commute to nearby cities, including Lansing, this location offers both the tranquility of suburban living and the convenience of urban amenities.
8-unit apartment building situated on a 0.33-acre site at 920 W. Grand River, within the charming and growing town of Williamston, Michigan. This property offers a unique blend of convenience, comfort, and accessibility, making it an excellent investment opportunity in a market experiencing a notable increase in real estate values.
This investment opportunity is a fully leased 6,300 SF multifamily property, located just blocks away from downtown Williamston, providing easy access to local amenities, shopping, and several local attractions, including the Williamston Theatre, the bustling Williamston Farmers Market, and multiple surrounding parks and recreation facilities.
With convenient access to major highways and an easy commute to nearby cities, including Lansing, this location offers both the tranquility of suburban living and the convenience of urban amenities.
PROPERTY FACTS
| Price | $530,000 | Apartment Style | Low-Rise |
| Price Per Unit | $106,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 8.06% | Building Size | 6,300 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | R-3 | ||
| Price | $530,000 |
| Price Per Unit | $106,000 |
| Sale Type | Investment |
| Cap Rate | 8.06% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 6,300 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | R-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 18-03-35-377-011 | Improvements Assessment | $92,500 |
| Land Assessment | $40,200 | Total Assessment | $132,700 |
PROPERTY TAXES
Parcel Number
18-03-35-377-011
Land Assessment
$40,200
Improvements Assessment
$92,500
Total Assessment
$132,700
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Appletree Apartments | 920 W Grand River Ave
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