$199,900 for Sale
1161 n ballanger, flint, MI 48504
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
General Information
Sale Price: $199,900
Price/SqFt: $21
Status: Active
MLS#: 50152904
City: flint
Post Office: flint
County: Genesee
Acres: 0.5
Lot Dimensions: 180x150
Size: 9,614 sq.ft.
Acreage: 0.5 est.
Year Built:
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal
Map
Information provided by East Central Association of REALTORS® Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Layne Lucia of Lucia Properties, Phone: 810-234-1000
