5313 Territorial Rd | Grand Blanc, MI 48439
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5313 Territorial Rd
Grand Blanc, MI 48439
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Two well-maintained buildings totaling 14,100 SF | 6.49% CAP Rate | NOI: $133,115
- Renovated & stabilized asset -updated in 2023 with modern finishes
- Below-market rents create a built-in opportunity for income growth
- Situated on a spacious 2.08-acre lot—ample room for future site enhancements.
- 91.7% occupied with long-term leases secured through Q2 2026
- One, two, and three-bedroom units—each with garage space and private basement storage. Larger units feature patios and a walk-in closet
Property Facts
| No. Units | 12 | Building Size | 12,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2020 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Lot Size | 2.08 AC | ||
| Zoning | MDM - Medium Density Multiple Family Residential | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.08 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | MDM - Medium Density Multiple Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Kitchen
- Granite Countertops
- Carpet
- Basement
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,198 | 946 |
| 2+1.5 | 5 | $1,850 | 1,375 |
| 3+2 | 1 | $2,400 | 1,375 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $426,600 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$426,600
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