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    920 Grand River Ave Williamston, MI 48895

    Sponsored
    For Sale
    $530,000

    8-Unit Apartment Building, High Occupancy

    Property size:
    7,004 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    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.

    Property Features for 920 Grand River Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,004 SF
    Lot Size
    14,375 SF

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Ingham
    State
    Michigan
    Longitude
    -84.2967532
    Latitude
    42.6880479

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Apartment Building, High Occupancy
    Where is this multifamily 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.
    (517) 319-9230
    Request Owner's contact information
    920 Grand River Ave Williamston, MI 48895
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    Williamston, MI 48895
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    920 Grand River Ave Williamston, MI 48895
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