2710 Court StFlint, MI 48503

For Sale
$525,000

Mixed-use investment opportunity, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, Glendale Hills Suites, presents a compelling investment opportunity in Flint, Michigan. Located at 2710 W Court St, this highly visible building sits at the corner of Court and Bradley Streets, offering excellent exposure. The 16,720 square foot building, constructed in 1968, features 16 individual suites, each with convenient ground-level access and separately metered gas and electric. This ensures efficient utility management and potential for individual tenant billing. Ample parking is available for tenants and visitors, enhancing the property's appeal. Security is further enhanced by recorded video surveillance. Recent improvements include a new roof installed in 2022 and updated front entry overhead siding in 2023, demonstrating proactive maintenance and enhancing curb appeal. The property boasts a 6.05% cap rate, a $36,282 NOI, and is currently 70% occupied, presenting immediate income and potential for future growth. The asking price is $525,000, translating to $31.40 per square foot. The property is classified as Class C and is offered for sale by owner. The APN is 40-14-332-027. This turnkey investment is ideal for a savvy investor seeking a strong return in a desirable location. The property's diverse suite configuration caters to a variety of tenants, including medical offices, storefronts, and traditional office spaces. This presents a unique opportunity to acquire a well-maintained, income-producing asset with significant upside potential.

Highlights

  • $525,000 asking price for a 16,720 square foot mixed-use property in Flint, MI.
  • Class C building with 16 units, 70% occupancy, and a 6.05% cap rate.
  • $36,282 Net Operating Income (NOI) and a price per square foot of $31.40.
  • Built in 1968, featuring a new roof (2022) and updated entry siding (2023).
  • Located at 2710 W Court St, Flint, MI 48503, with ample parking and video surveillance.
  • For sale by owner, held by an LLC.

Property Details for 2710 Court St

Property type
Other retail properties, Individual retail properties
Square Feet
16,720 SF
Class
C
Year Built
1968
Buildings
1
Units
16

Location Insight

City
Flint
County
Genesee
State
Michigan
Latitude
43.0072938
Longitude
-83.7248569
2710 Court St, Flint, Michigan

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2710 Court St
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