360-989-5395
6101-6103 Eagle Ridge Ln, Flint, MI for Sale
Apartments - FOR SALE
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6101-6103 Eagle Ridge Ln
Flint, MI 48505
Northeast Flint/Genesee


OVERVIEW

The Eagle Ridge Apartments consists of 104 townhome style apartment units in Flint, Michigan. The property was built in 1999 using Low Income Housing Tax Credits (LIHTC) that had an initial 15 year compliance period, that is now over. The Property is now in the "extended use period" where the property must be kept affordable, but the tax credits have burned off and are not liable for recapture. The property consists of 39 two bedrooms and 65 three bedrooms, and is grossing $72,000+ per month in rental income.

FOR SALE DETAILS

PRICE

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# OF UNITS

104

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eagle Ridge Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

210

LAND DETAILS

LAND ACRES

8.49 AC

LAND SF

369,824 SF

ZONING

CM-347

APN/PARCEL ID

47-30-185-022

ASK ABOUT THIS PROPERTY

Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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