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$ 385,000
Est. payment | /mo
4,384 SqFt
$ 385,000
Est. payment | /mo
4,384 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,384 sqft
Price per Sqft $87
Municipality Flint Twp
Subdivision Flint Twp
MLS Listing ID 20240080063
Originating Board Realcomp
Year Built 1960
Annual Tax Amount $7,454
Lot Size 0.670 Acres
Acres 0.67
Lot Dimensions 181.00 x 162.00
Property Description
Presenting a remarkable commercial property featuring four units with two units fully occupied on a spacious 0.67-acre lot. With an impressive 12% CAP rate, this investment promises strong returns and stable cash flow, making it an ideal choice for savvy investors. The cap rate and income numbers in this listing are based on full occupancy rental rates.Key Features include but are not limited to-Four Units: 2 units housed in one building, with two more units in a separate building—providing diversification in income streams.Strong Lease Terms: 1st tenant contract extends through 2027, and 2nd lease is secured until 2025, ensuring long-term stability.This property is strategically located near the corner of Lennon and Linden Roads, ensuring easy access for tenants and visibility for potential customers. With loyal tenants and a proven rental history, this investment opportunity is not to be missed!Whether you're looking to expand your portfolio or seeking a first-time investment, this property offers the perfect blend of stability and potential for growth. Contact us today for more information or to schedule a viewing!
Location
State MI
County Genesee
Area Genesee County - 10
Zoning Commercial
Direction Turn off Bristol Rd to go North on Linden Rd. Then in 0.98 miles turn right on Lennon Rd. Then take a right in 255ft and you've reached your destination.
Rooms
Basement Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Block, Brick/Mortar, Slab
Sewer Public
Water Public
Structure Type Block,Brick
Schools
School District Swartz Creek
Others
Tax ID 0728100003
Listed by Oakland Corners Realty LLC
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