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$385,000
Est. payment /mo
4,384 SqFt
UPDATED:
12/16/2024 07:44 PM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 4,384 sqft
Price per Sqft $87
Subdivision Mi
MLS Listing ID 60352121
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 Flint Twp (25006)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Roof Type Asphalt
Building
Foundation Basement, Slab
Water Public Water
Structure Type Block,Brick
Others
Ownership Private
Assessment Amount $108
Financing Cash,Conventional
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Listed by Oakland Corners Realty LLC