260 Grand River Rd Laingsburg, MI 48848

Property Details for 260 Grand River Rd

Year built

1890

Lot size

0.07 lot acres

Property type

Commercial real estate

APN

022-40-010-004-00

APU

224001000400

Description

This exceptional mixed-use property in charming downtown Laingsburg presents a compelling investment opportunity. The building, encompassing approximately 3400 square feet, is currently fully leased, offering immediate cash flow. Two separate units comprise the property. The upper unit, a spacious three-bedroom residence, boasts approximately 1700 square feet, featuring a recently updated kitchen and bathroom (May 2019), new carpet and paint (May 2019), and commands a monthly rent of $1025. The lower unit, occupied by a commercial tenant, also measures approximately 1700 square feet and generates a monthly rental income of $725. The property sits on a 0.07-acre lot. Significant improvements have been made over the years, including rear siding replacement in 2014 and a water heater installation in 2009. The sellers have demonstrated a clear commitment to meticulous maintenance and upgrades, resulting in a property that reflects pride of ownership. This turnkey investment is offered at $165,000 and must be purchased with a companion property (ID 256) due to a shared commercial tenant on the ground floor. Square footage is approximate. This is a rare chance to acquire a stable, income-producing asset in a desirable downtown location.

Location Insight

City

Laingsburg

County

Shiawassee

State

Michigan

Longitude

-84.3504

Latitude

42.8898

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments