LENNON Road Flint Twp, MI 48507

General Commercial Residence

Beds

Baths

Sq. Ft.

0.67 Acre Lot

Property Activity

Time on Site

days

Days on Market

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Last updated on 12/22/2024 9:28 PM

Listing Details

Presenting a remarkable commercial property featuring four units with two units fully occupied on a spacious 0.67-acre lot. With an impressive 12% CAP rate, this investment promises strong returns and stable cash flow, making it an ideal choice for savvy investors. The cap rate and income numbers in... this listing are based on full occupancy rental rates. Key Features include but are not limited to- Four Units: 2 units housed in one building, with two more units in a separate buildingâ??providing diversification in income streams. Strong Lease Terms: 1st tenant contract extends through 2027, and 2nd lease is secured until 2025, ensuring long-term stability. This property is strategically located near the corner of Lennon and Linden Roads, ensuring easy access for tenants and visibility for potential customers. With loyal tenants and a proven rental history, this investment opportunity is not to be missed! Whether you're looking to expand your portfolio or seeking a first-time investment, this property offers the perfect blend of stability and potential for growth. Contact us today for more information or to schedule a viewing! Continue reading

Source MLS

Real Comp

Originating MLS

Realcomp II Ltd

MLS#

20240080063

Property Type

General Commercial

Year Built

1960

Lot Size

0.67