5313 Territorial Rd - Apartments FOR SALE


Grand Blanc, MI 48439- Grand Blanc/Goodrich
$2,050,000 USD
248-801-9499
5313 Territorial Rd, Grand Blanc, MI for Sale
$2,050,000 USD
Apartments - FOR SALE
1/11
null | 6.49% Cap Rate

5313 Territorial Rd
Grand Blanc, MI 48439
Grand Blanc/Goodrich


HIGHLIGHTS

  • Two well-maintained buildings totaling 14,100 SF | 6.49% CAP Rate | NOI: $133,115
  • Situated on a spacious 2.08-acre lot—ample room for future site enhancements.
  • Renovated & stabilized asset -updated in 2023 with modern finishes
  • 91.7% occupied with long-term leases secured through Q2 2026
  • Below-market rents create a built-in opportunity for income growth
  • One, two, and three-bedroom units—each with garage space and private basement storage. Larger units feature patios and a walk-in closet

OVERVIEW

Seize a turnkey opportunity to acquire a renovated, income-producing 12-unit multi-family asset in the heart of Genesee County. Located at 5313 & 5325 Territorial Rd in Grand Blanc, this 14,100 SF portfolio features two buildings situated on a 2.08-acre parcel, offering a diverse mix of 1, 2, and 3-bedroom condo-style units—each with garage parking and basement storage. With strong in-place leases extending through Q2 2026 and market rents currently trending higher than existing rates, this asset presents immediate upside for value-focused investors. Recent renovations (2023) position the property for long-term stability and minimal capital expenditures, while its 91% occupancy reflects the high demand for well-maintained residential units in the Grand Blanc area.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

12

PRICE/UNIT

$170,833

CAP RATE

6.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

18

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

MDM

APN/PARCEL ID

12-23-678-001,12-23-678-002,12-23-678-003,12-23-678-004,12-23-678-009,12-23-678-010,12-23-678-011,12-23-678-016

ASK ABOUT THIS PROPERTY

Noor KalashoP.A. Commercial, LLCMore Info
248-801-9499

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Noor KalashoP.A. Commercial, LLCMore Info
248-801-9499

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