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COLONIAL APARTMENTS 726 E Main St 32 Unit Apartment Building $1 ($0/Unit) Flushing, MI 48433
Executive Summary
Thirty-two-unit apartment complex located in Flushing, MI. Lots of upside by updating units. Mix of One- and Two-Bedroom Apartments. 2025 NOI of $149,287. Limited competition. Please fill out and sign the non-disclosure agreement for access to complete package. Please do not approach tenants or staff regarding this sale.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
Property Facts Under Contract
| Price | $1.00 | Building Class | B |
| Price Per Unit | $0 | Lot Size | 1.24 AC |
| Sale Type | Investment | Building Size | 36,488 SF |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.64/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3-B (HDR) | ||
| Price | $1.00 |
| Price Per Unit | $0 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.24 AC |
| Building Size | 36,488 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R3-B (HDR) |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
| 2+1 | 24 | - | 750 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 55-26-576-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $982,800 |
Property Taxes
Parcel Number
55-26-576-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$982,800
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COLONIAL APARTMENTS | 726 E Main St
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