1023 Knickerbocker Ave Flint, MI 48505

This 1,800 square foot, two-unit apartment building located at 1023 Knickerbocker Ave, Flint, MI 48505, presents a compelling investment opportunity. Currently vacant and requiring complete rehabilitation following fire damage, this property offers significant upside potential. Built in 1950, the two-story building sits on a 4,800 square foot lot and is zoned residential. The asking price is $7,490, translating to $4.16 per square foot and $3,745 per unit. The property boasts a substantial 30% capitalization rate. While currently vacant, its location within a desirable rental area suggests strong potential for occupancy upon completion of renovations. The property features one pad and is classified as Class D. The Assessor's Parcel Number (APN) is 1424577303. This is a unique chance to acquire a multifamily property at a significantly discounted price, allowing for substantial returns on investment after renovations. Serious inquiries are encouraged.