1023 Knickerbocker Ave Flint, MI 48505
- Commercial real estate
- 1,800 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1023 Knickerbocker Ave
- Year built
- 1950
- Property size
- 1,800 SF
- Property type
- Commercial real estate
- APN
- 1424577303
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.6949453
- Latitude
- 43.0770946
