4475 Richfield RdFlint, MI 48506

For Sale
$750,000

11-Unit Apartment Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents an 11-unit apartment building located at 4475 Richfield Rd, Genesee Twp, MI 48506, in Genesee County. The property boasts a total of 13,775 square feet, situated on a commercially zoned lot (APN: 1134577056). Built in 1980, this two-story building offers a compelling return on investment, with an asking price of $750,000 ($54 per square foot). The property is bank-owned and offered as a short sale, presenting a unique opportunity for savvy investors. The building comprises 11 apartment units, supplemented by two retail spaces, providing diverse income streams. Its convenient location near Genesee Rd offers excellent visibility and accessibility. This multifamily property represents a strong addition to any portfolio, offering significant potential for future growth and profitability. The property's solid construction and established tenancy make it an attractive proposition for investors seeking a stable and income-generating asset in a growing market. Further due diligence is encouraged to fully assess the potential of this promising investment.

Highlights

  • 11-unit apartment building with two retail spaces totaling 13,775 square feet on a commercially zoned lot in Genesee Twp, MI.
  • Asking price: $750,000 ($54/SF).
  • Bank-owned short sale.
  • Built in 1980.
  • Excellent visibility and accessibility near Genesee Rd.

Property Details for 4475 Richfield Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
13,775 SF
Year Built
1980
Stories
2
Units
11

Location Insight

City
Flint
County
Genesee
State
Michigan
Latitude
43.0515924
Longitude
-83.6180462
4475 Richfield Rd, Flint, Michigan

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4475 Richfield Rd
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