$ 199,900
1161 N Ballanger Highway Flint, MI 48504
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 199,900
Est. payment /mo
Active
1161 N Ballanger Highway Flint, MI 48504
9,614 SqFt
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