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$ 7,000,000
99 Baths
162,898 SqFt
$ 7,000,000
99 Baths
162,898 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 162,898 sqft
Subdivision Rosemont
MLS Listing ID 20261013369
Style Other
Full Baths 99
Year Built 1999
Lot Size 8.500 Acres
Acres 8.5
Property Sub-Type MultiFamily
Property Description
Eagle Ridge Apartments presents a rare opportunity to acquire a stabilized 104-unit multifamily community in Flint, Michigan. Originally developed in 1999–2000 under the Low-Income Housing Tax Credit program, the property has successfully completed its initial 15-year compliance period and is currently operating within the extended-use phase. Units are income-restricted between 30% and 60% AMI, providing dependable occupancy and durable demand fundamentals.
Eagle Ridge benefits from a favorable expense structure. Units are equipped with individual HVAC systems, and tenants are responsible for gas and electric utilities, limiting owner exposure. The property operates under a PILOT program, providing predictable and controlled property tax treatment. Ownership has invested approximately $250,000 within the past six months toward parking lot resurfacing and comprehensive security improvements, reinforcing long-term asset integrity.
Community amenities include a clubhouse with fitness center, outdoor swimming pool, and shared common areas designed to support resident retention and quality of life.
Eagle Ridge benefits from a favorable expense structure. Units are equipped with individual HVAC systems, and tenants are responsible for gas and electric utilities, limiting owner exposure. The property operates under a PILOT program, providing predictable and controlled property tax treatment. Ownership has invested approximately $250,000 within the past six months toward parking lot resurfacing and comprehensive security improvements, reinforcing long-term asset integrity.
Community amenities include a clubhouse with fitness center, outdoor swimming pool, and shared common areas designed to support resident retention and quality of life.
Location
State MI
County Genesee
Area Area08182Flint
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool Community
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Flint
Others
Senior Community false
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Michael McClafferty of OakPointe Real Estate Advisors