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.
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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93