Flint, MI 48504,1161 N Ballanger Highway
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$ 199,900
Est. payment | /mo

9,614 SqFt


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$ 199,900
Est. payment | /mo
Save

9,614 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 9,614 sqft

Price per Sqft $20

Subdivision Mi

MLS Listing ID 50152904

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 (25023)

Interior

Heating Forced Air

Exterior

Roof Type Asphalt

Building

Foundation Slab

Water Public Water

Structure Type Block

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Land Contract

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Lucia Properties
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(517) 605-1286

jeff@therisingteam.com

105 E Maumee St, Adrian, MI, 49221, USA

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1161 N Ballanger Highway