Updated Sep 11, 2026
Marcus & Millichap Arranges Sale Of Green Acres Apartments In Flint For $2.425M
4482 North Genesee Road
$2,425,000
Units
40
Asset Type
MultiFamily
Closing
Sep 10, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 4482 North Genesee Road, Flint, MI. The sale price was $2,425,000, with a total of 40 units available, resulting in a price per unit of $60,625. The property spans 4.32 acres and includes 27,200 rentable square feet distributed across 10 buildings.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,425,000
- Units: 40
- Price Per Unit: $60,625
- Acres: 4.32
- Market: Flint, MI
- Brokers: Chase Gilewski & Chris Futo - Marcus & Millichap
Marcus & Millichap facilitated this transaction, where the buyer intends to implement capital improvements and operational upgrades to enhance the net operating income of the Green Acres Apartments property.
On the Map
$2,425,000
MultiFamily
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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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93