Multi-family Housing Complex
Multi-Family
for Sale
| Catylist Listing ID: |
30811059 |
| Property Subtypes: |
Mid-Rise
|
| Number of Units: |
144 Units |
| Building Size (RSF): |
127,860 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$7,560,000 |
| Unit Price: |
$52,500 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
Vanderbilt Townhomes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.71% |
| Average Occupancy Rate: |
81 |
| Last Updated: |
7/26/2022 |
Overview / Comments
|
Multi-family housing complex consists of 18 buildings and 144 total units comprised of two-bedroom and three-bedroom townhomes with full un-finished basements at 81% occupancy. Most units have been remodeled in 2021. Family friendly gated community, featuring multiple security cameras, and play ground equipment. Complex is located just north of Flint in Mt. Morris Township and convenient to I-75 and I-475 providing quick access to surrounding cities.
|
Additional Details
| Nearest MSA: |
Flint |
| County: |
Genesee |
| Taxing Authority: |
Mt. Morris Township |
| Tax ID/APN: |
25-14-14-400-002 |
| Percent Occupied: |
81% |
| Play Ground |
| Highway Access: |
I-75 |
| Number of Stories: |
18 |
| Year Built: |
1970 |
| Year Renovated: |
2021 |
| Parking Type: |
Surface |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,638 |
51,467 |
123,340 |
| Median Age: |
31.75 |
35.3 |
36.55 |
| Households: |
3,083 |
19,836 |
48,236 |
|
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