5
See all 5 photos
$7,000,000
Est. payment /mo
99 Baths
8.5 Acres Lot
Active
6101 Selby Street Flint, MI 48505
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Flint
Subdivision Flint
MLS Listing ID 20261013369
HOA Y/N true
Year Built 1999
Annual Tax Amount $63
Lot Size 8.500 Acres
Acres 8.5
Lot Dimensions 472.43X744.5
Source Realcomp
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.
Location
State MI
County Genesee
Area Genesee County - 10
Zoning Multi-Family
Direction Between Saginaw St and 475 South of E Russell Ave.
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
Amenities Available Pool
View Y/N No
Building
Water Public
Structure Type Vinyl Siding
Schools
School District Flint
Others
Tax ID 4730185022
Acceptable Financing Conventional
Listing Terms Conventional
Listed by OakPointe Real Estate Advisors
NEARBY SCHOOL & BUSINESS
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