$199,900 pending
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: Pending
MLS#: 50152904
City: flint
Post Office: flint
County: Genesee
Acres: 0.5
Lot Dims: 180x150
Size: 9,614 sq.ft.
Acreage: 0.5 est.
Year Built: 1960
Property Type: Commercial/Industrial
Style:
Tax, Fees & Legal
Information provided by East Central Association of REALTORS
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Listing By: Layne Lucia of Lucia Properties, Phone: 810-234-1000
