Property Detail

1910 W Pierson Road, Flint, MI, USA

Located near 4 Universities and many colleges including the famous Michigan University. Short drive to Flint Airport.

Total Units: 248 units of 2 storey walk-up apartrment.

Land Area: Approximately 10 acres plus = 435,600 sqft

Types: 1 Bed - 173 units X USD385 = USD66,605 monthly rental

          2 Bed - 75 units X  USD485  = USD36,375 monthly rental

Projected monthly rental income: USD100,000 X 12 months = USD1.2 million 

Current Market Sales Price per unit in Flint, Mi, USA: USD35,000 - USD38,000

In year 2006 per unit of this projet is aproximately: USD75,000

In year 2005 the valuation of this tower is approximatelt: USD12,000,000

Insurance cover for replacement cost: USD10,000,000

Sales Price: USD6 million (SDG7,320,000) divided by 248 units = USD24,000 per unit

Approximate Annual Net Rental Yeild: 14 %

For information: Call Elieen Koh from Century21 - SHL (CEA Reg No:R004145B)  at Tel: (65)6291 2121  or Hp: (65)97501348