$410,000
$399,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
1161 N BALLENGER HWY Flint, MI 48504
9,614 SqFt
Key Details
Sold Price $410,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 9,614 sqft
Price per Sqft $42
Subdivision The Highlands
MLS Listing ID 2210030530
Sold Date 05/28/21
Originating Board Realcomp II Ltd
Year Built 1970
Annual Tax Amount $9,216
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 180X150
Property Sub-Type Business And Real Estate
Property Description
Great Investment Opportunity with High Cash Flow! Completely Remodeled 2 story 18 Unit Commercial Business Building 100% Leased with a waiting list. Annual gross rents of $130,800, with a NOI of $95,534 with a cap rate of 24%!!! Turn key operation. Ample parking in front and rear of building. New Signage and Camera Surveillance System. 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 relocating. Confidential Sale, Do Not Approach Tenants.
Location
State MI
County Genesee
Area Flint
Zoning Commercial
Direction NORTH OF FLUSHING / WEST OFF N BALLENGER HWY
Interior
Hot Water Natural Gas
Heating Forced Air
Heat Source Electric, Natural Gas
Exterior
Roof Type Asphalt
Road Frontage Paved, Pub. Sidewalk
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 2 Story
Structure Type Block/Concrete/Masonry
Schools
School District Flint
Others
Tax ID 4011157005
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2020
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with The Sedlarik Group Realty LLC