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Stanton Apartments 712 S Grand Traverse St 8 Unit Apartment Building $325,000 ($40,625/Unit) Flint, MI 48502
Executive Summary
Fantastic opportunity to own an 8 unit apartment building in the city of Flint! All 8 units are currently rented and are approximately 550-650 sqft each and have 1 bedroom and 1 bathroom in each unit. There are an additional 2 additional units in the basement that are not rented and would need to be renovated to make this a possible 10 unit building.
Property Facts
| Price | $325,000 | Lot Size | 0.23 AC |
| Price Per Unit | $40,625 | Building Size | 5,742 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1946/2010 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | MR-2 | ||
| Price | $325,000 |
| Price Per Unit | $40,625 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,742 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1946/2010 |
| Parking Ratio | 1.74/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MR-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 41-18-153-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $139,600 |
Property Taxes
Parcel Number
41-18-153-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$139,600
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Stanton Apartments | 712 S Grand Traverse St
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