Homes for sale - 1161 N Ballanger Highway, Flint, MI 48504

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Maria Reyes

maria.reyes@epique.me +1(248) 943-2250

$199,900

Est. payment - /mo

9,614 SqFt

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UPDATED:

11/21/2024 06:16 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 9,614 sqft

Price per Sqft $20

MLS Listing ID 5050152904

Originating Board East Central Association of REALTORS®

Year Built 1960

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 180x150

Property Description

Great Potential Investment Opportunity! Completely Remodeled in 2021, needs some TLC now. Owner lost all tenants and is HIGHLY motivated to sell. They purchased it for $410,000 in 2021 and now want to move it fast for less than 1/2! 2 story 18 Unit Commercial Business No Tenants. Annual gross rents when full used to be $130,800, with a NOI of $95,534 with a cap rate of 24%!!! Ample parking in front and rear of building. Within 1 mile to I75 expressway, new apartment complex next door (fully occupied), U of M University 1 mile away, and McLaren hospital down the street! Seller HIGHLY MOTIVATED. If your a good manager, this could be an excellent investment! Most of the tenants want back in! SOLD AS IS

Location

State MI

County Genesee

Area Flint

Interior

Heating Forced Air

Heat Source Natural Gas

Exterior

Waterfront no

Roof Type Asphalt

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Block/Concrete/Masonry

Schools

School District Flint

Others

Tax ID 401115705

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Financing Cash,Contract

Special Listing Condition Full Service

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Listed by Layne W Lucia of Lucia Properties

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Maria Reyes

+1(248) 943-2250

Co-Owner/Realtor® | License ID: 6501350194

Co-Owner/Realtor® License ID: 6501350194

1161 N Ballanger Highway Flint, MI 48504

Maria Reyes

Maria Reyes

Key Details

Location

Interior

Exterior

Building

Schools

Others

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