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1161 N BALLENGER HWY Flint, MI 48504 7543
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Key Details
Sold Price $410,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,614 sqft
Price per Sqft $42
Subdivision Mi
MLS Listing ID 40168715
Sold Date 05/28/21
Annual Tax Amount $9,216
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 180X150
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 (25023)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Waterfront No
Roof Type Asphalt
Building
Foundation Slab
Water Public Water
Structure Type Block
Others
Ownership Private
Energy Description Electric,Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with The Sedlarik Group Realty LLC
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