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Appletree Apartments 920 W Grand River Ave 5 Unit Apartment Building $726,996 CAD ($145,399 CAD/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 | $726,996 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $145,399 CAD | 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 | $726,996 CAD |
| Price Per Unit | $145,399 CAD |
| 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 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
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 | $126,955 CAD |
| Land Assessment | $55,174 CAD | Total Assessment | $182,129 CAD |
PROPERTY TAXES
Parcel Number
18-03-35-377-011
Land Assessment
$55,174 CAD
Improvements Assessment
$126,955 CAD
Total Assessment
$182,129 CAD
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Appletree Apartments | 920 W Grand River Ave
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