1023 Knickerbocker AveFlint, MI 48505

For Sale
$7,490

Fire-damaged 2-unit, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
94
This 1,800 square foot, two-unit apartment building located at 1023 Knickerbocker Ave, Flint, MI 48505, presents a compelling investment opportunity. Currently vacant and requiring complete rehabilitation following fire damage, this property offers significant upside potential. Built in 1950, the two-story building sits on a 4,800 square foot lot and is zoned residential. The asking price is $7,490, translating to $4.16 per square foot and $3,745 per unit. The property boasts a substantial 30% capitalization rate. While currently vacant, its location within a desirable rental area suggests strong potential for occupancy upon completion of renovations. The property features one pad and is classified as Class D. The Assessor's Parcel Number (APN) is 1424577303. This is a unique chance to acquire a multifamily property at a significantly discounted price, allowing for substantial returns on investment after renovations. Serious inquiries are encouraged.

Property Details for 1023 Knickerbocker Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
1,800 SF
Class
D
Year Built
1950
Buildings
1
Stories
2
Units
2

Location Insight

City
Flint
County
Genesee
State
Michigan
Latitude
43.0770946
Longitude
-83.6949453
1023 Knickerbocker Ave, Flint, Michigan

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1023 Knickerbocker Ave
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