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130 Reid Rd 8 Unit Apartment Building $425,000 ($53,125/Unit) Grand Blanc, MI 48439
EXECUTIVE SUMMARY
Prime Investment Opportunity in Downtown Grand Blanc! Don't miss your chance to own this 9000+ square foot building located right in the heart of downtown Grand Blanc, just steps away from shops, dining, and entertainment. The interior is a "down-to-the-studs" renovation already underway, this property is a blank canvas ready for your vision. The potential here is endless. Zoned B3 with a special land use as a hotel/motel.
PROPERTY FACTS Under Contract
| Price | $425,000 | Building Class | C |
| Price Per Unit | $53,125 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 9,111 SF |
| Sale Condition | Building in Shell Condition | Average Occupancy | 0% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 2.74/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | B-3 - General Commercial | ||
| Price | $425,000 |
| Price Per Unit | $53,125 |
| Sale Type | Investment |
| Sale Condition | Building in Shell Condition |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 9,111 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.74/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-3 - General Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 56-16-526-058 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $70,600 |
PROPERTY TAXES
Parcel Number
56-16-526-058
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$70,600
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130 Reid Rd
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