Updated Oct 28, 2024
LRC Commercial Acquires Multifamily Property In Flint Township, Mich For $3.5M
1440 N Linden Rd, Flint, MI 48532, USA
$3,500,000
$35/SF
Building Size
100,022 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
A multifamily property located at 1440 Linden St in Flint Township, Mich, was recently sold for a total price of $3,500,000. The transaction took place on September 30, 2021. The property consists of 92 units, resulting in a price per unit of $38,043.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 1440 Linden St, Flint Township, Mich
- Market: Flint Township, Mich
- Buyer: LRC Commercial - Chad Cavanaugh
- Broker: Waller Group
- Units: 92
- Price per Unit: $38,043
The buyer in this transaction was LRC Commercial, with Chad Cavanaugh representing the company. The Waller Group served as the broker for the deal.
Players
Flint MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93