4380 W Pierson Rd - Apartments FOR SALE


Flint, MI 48504- Northwest Flint/Flushing
$3,500,000 USD
248-931-1980
4380 W Pierson Rd, Flint, MI for Sale
$3,500,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

4380 W Pierson Rd
Flint, MI 48504
Northwest Flint/Flushing


HIGHLIGHTS

  • • 76 room motel for sale • 3.28 acres w/ excess land for expansion or other uses
  • • Newly Remodeled • 14 of the 76 rooms have not been remodeled
  • • 3 buildings: (1) two-story interior corridor bldg w/ basement, (2) one-story exterior entry bldgs
  • • Unencumbered by brand or management • Franchise options include (Travelodge, Rodeway Inn, Econo Lodge and others) – Contact Brokers
  • • Currently renting to weekly and monthly guests • Ability to drive revenue from daily stays
  • • Great location with easy access to I-75

OVERVIEW

• 76 room motel for sale • Newly Remodeled with the following: new roof, windows, bathroom vanities, tub surrounds and parking lot. • All new plumbing and electrical work, among a number of other improvements • Motel consists of 3 buildings • (1) two-story interior corridor building with basement, and (2) one-story exterior entrance buildings • 3.28 acre site - with excess land for expansion or other uses • Unencumbered by brand or management • Ability to drive revenue through a franchise: Travelodge, Rodeway Inn, Econo Lodge and others are options – Contact Broker • Currently owner only rents to weekly and monthly guest, ability to drive revenue from daily stays • 14 of the 76 rooms have not been remodeled • Great location with easy access to I-75

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

76

PRICE/UNIT

$46,053

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NextGen Suites

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.28 AC

LAND SF

142,877 SF

ZONING

C-2, Community Commercial

APN/PARCEL ID

14-28-551-012

ASK ABOUT THIS PROPERTY

Kevin JappayaKJ CommercialMore Info
248-931-1980

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Kevin JappayaKJ CommercialMore Info
248-931-1980

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