Real estate listing preview #1
listing
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CommercialFor Sale
$199,900
1161 N Ballanger Highway
Flint, MI 48504
Listed by: Lucia Properties, (810) 234-1000
MLS: East Central Association of REALTORS®
9,614Sq Ft
Est. Mortgage
$1,132/mo

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

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