Cranberry Estates

Flint, Michigan

Property overview

Genesee County is located in mid-Michigan and is one of the state’s 83 counties. It is home to 405,058 residents, 6,838 businesses and a labor force of 180,822 people. The county is also the regional hub for commerce, culture, employment and education. Flint is the largest city in the county with an estimated population of 98,181. For the city of Flint, 2018 saw business expansions, real estate development projects, a lodging boom, and small business openings. Last year, the economic development staff supported projects that totaled over $194 million in private investment and created over 260 jobs.

MHRE Inc. is pleased to offer Cranberry Estates for sale. The property is located on the border between Flint and Burton, on Atherton Rd., just east of Dort Highway. Cranberry Estates offers its residents the advantage of being within walking distance of numerous retail establishments including, Walgreens, Rite Aid, K-Mart, Family Dollar, Dollar General, and various fast food restaurants. It is also located in close proximity to downtown Flint with quick access to Interstate I-75 and I-69. Also, MTA bus service is less than one block from the Community.

The Community is serviced by all public utilities, including public water, public sanitary sewer, public storm sewer, electrical, gas, cable and telephone. Water, Sewer and Electric are submetered and billed back to the residents through a 3rd party utility billing company.

Cranberry Estates
1549 East Atherton Road
Flint, Michigan 48507

For detailed information on this property please contact: Christopher Nortley (586) 884-8416.

Property Summary

Total Sites188
Year Constructed1960
Land (Acres) +13.84
Occupied Sites50
Vacant Sites138
Occupancy26.6%
Average Rent/Site$315
PRIMARY USEMHP
PROPERTY TYPEFamily
STAR CLASSIFICATION2
WATERCity - Flint
SEWERCity - Flint

OFFERING SUMMARY

Community Price$750,000
Total Investment$750,000
Cap Rate (Without Reserves)14.38%