325 Paterson St Flint, MI 48503

This two-unit multifamily property in Flint, Michigan, presents a compelling investment opportunity. Located at 325 W Paterson St, 48503, this 1,501 square foot building sits on a 5,000 square foot lot. Built in 1927, the property is currently vacant, offering a blank canvas for renovation and immediate rental income generation. The asking price is $26,900, translating to $13,450 per unit and $17.92 per square foot. The property boasts a remarkable 71.38% capitalization rate and a projected Net Operating Income (NOI) of $19,200. While requiring some rehabilitation, including kitchen updates, minor bathroom repairs, drywall work, painting, and new carpeting, the property's proximity to local schools and a hospital enhances its rental potential. The property's two-story structure offers flexibility