309 W 5th Ave - Apartments FOR SALE


Flint, MI 48503- Carriage Town
$4,800,000 USD
810-867-2700
309 W 5th Ave, Flint, MI for Sale
$4,800,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

309 W 5th Ave
Flint, MI 48503
Carriage Town


HIGHLIGHTS

  • The property consists of twelve 3-bedroom units and four 2-bedroom units.
  • Amenities: In-unit laundry, modern kitchens, central air conditioning and heating, private entry, private balcony
  • Utilities: Energy-efficient appliances, separate meters for each unit
  • New construction—minimal maintenance required.
  • Strong rental demand in the Flint area
  • Close proximity to hospitals, universities, and downtown

OVERVIEW

Presenting a newly constructed multifamily property located near downtown in an area targeted for additional development. The location is within easy access to both Hurley and McLaren Hospitals. The development is within an Opportunity Zone. Recently finished and never occupied, this modern 16-unit building offers an outstanding opportunity for investors seeking strong rental income and long-term appreciation in a growing market. Each unit features contemporary finishes, energy-efficient systems, and spacious layouts designed for comfortable living. Every unit is individually metered for electric, gas and water, minimizing ownership expenses and streamlining utility management. Constructed to a high standard by the owner/developer, features include durable exterior materials, energy-efficient mechanical systems, high end interior finishes, and attractive open layouts. All units have full basements with 9 foot ceilings, and egress windows, allowing for additional storage or living space.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

16

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

Residential/Multifamily

APN/PARCEL ID

40-12-430-001,40-12-430-002,40-12-430-003,40-12-430-006,40-12-430-007,40-12-430-024

ASK ABOUT THIS PROPERTY

James MaxwellNew Nest RealtyMore Info
810-867-2700

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James MaxwellNew Nest RealtyMore Info
810-867-2700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.