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NextGen Suites 4380 W Pierson Rd 76 Unit Apartment Building $3,500,000 ($46,053/Unit) Flint, MI 48504
Investment Highlights
- • 76 room motel for sale • 3.28 acres w/ excess land for expansion or other uses
- • 3 buildings: (1) two-story interior corridor bldg w/ basement, (2) one-story exterior entry bldgs
- • Currently renting to weekly and monthly guests • Ability to drive revenue from daily stays
- • Newly Remodeled • 14 of the 76 rooms have not been remodeled
- • Unencumbered by brand or management • Franchise options include (Travelodge, Rodeway Inn, Econo Lodge and others) – Contact Brokers
- • Great location with easy access to I-75
Executive Summary
• 76 room motel for sale
• Newly Remodeled with the following: new roof, windows, bathroom vanities, tub surrounds and parking lot.
• All new plumbing and electrical work, among a number of other improvements
• Motel consists of 3 buildings
• (1) two-story interior corridor building with basement, and (2) one-story exterior entrance buildings
• 3.28 acre site - with excess land for expansion or other uses
• Unencumbered by brand or management
• Ability to drive revenue through a franchise: Travelodge, Rodeway Inn, Econo Lodge and others are options – Contact Broker
• Currently owner only rents to weekly and monthly guest, ability to drive revenue from daily stays
• 14 of the 76 rooms have not been remodeled
• Great location with easy access to I-75
• Newly Remodeled with the following: new roof, windows, bathroom vanities, tub surrounds and parking lot.
• All new plumbing and electrical work, among a number of other improvements
• Motel consists of 3 buildings
• (1) two-story interior corridor building with basement, and (2) one-story exterior entrance buildings
• 3.28 acre site - with excess land for expansion or other uses
• Unencumbered by brand or management
• Ability to drive revenue through a franchise: Travelodge, Rodeway Inn, Econo Lodge and others are options – Contact Broker
• Currently owner only rents to weekly and monthly guest, ability to drive revenue from daily stays
• 14 of the 76 rooms have not been remodeled
• Great location with easy access to I-75
Property Facts
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $46,053 | Lot Size | 3.28 AC |
| Sale Type | Investment | Building Size | 78,000 SF |
| No. Units | 76 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-2, Community Commercial | ||
| Price | $3,500,000 |
| Price Per Unit | $46,053 |
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.28 AC |
| Building Size | 78,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2023 |
| Opportunity Zone |
Yes |
| Zoning | C-2, Community Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 76 | - | 110 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 14-28-551-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $580,900 |
Property Taxes
Parcel Number
14-28-551-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$580,900
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NextGen Suites | 4380 W Pierson Rd
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