566 E. Witherbee, Flint MI - $39,900

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Welcome to this exceptional three-unit apartment listing, offering an incredible opportunity for various investment avenues. Situated in a desirable location, this spacious 2464-square-foot property is perfect for those looking to venture into traditional rental property management, transitional housing initiatives, or state group home partnerships.

As you step inside, you'll be greeted by a well-maintained and thoughtfully designed layout. The main floor features two self-contained units, each boasting their own living area, kitchen, bedroom, and bathroom. These units are ideal for accommodating individual tenants or can be configured to house two people comfortably in each room, allowing for higher rental yields. The flexibility of this setup offers potential for increased revenue streams, making it an attractive prospect for investors.

One of the most enticing features of this property is the basement, which presents a remarkable opportunity for further development. With the right permits and renovations, the basement can be converted into an additional self-contained unit, expanding the potential rental income even further. The versatility of this space allows for creative adaptations to meet various housing needs, making it an enticing proposition for those seeking transitional housing or state group home partnerships.

For those considering transitional housing initiatives, this property offers an advantageous rental model. Transitional housing programs typically pay $450 per person per month. By accommodating two people per room, you have the potential to earn $900 per room, maximizing the property's profitability. The ability to convert the basement into another unit further enhances the income potential and diversifies the investment opportunity.

Beyond its financial advantages, this apartment provides convenience and accessibility. Its location ensures easy access to essential amenities such as shopping centers, schools, parks, and public transportation, making it an attractive prospect for potential tenants.

Don't miss out on this remarkable investment opportunity! Whether you're looking to build a traditional rental portfolio, venture into transitional housing, or establish state group home partnerships, this three-unit apartment with the potential for an additional unit in the basement offers endless possibilities. Take advantage of its prime location, square footage, and adaptable layout to maximize your return on investment. Schedule a viewing today and seize this promising real estate gem!

***Buyer pays $1000 closing + prorated taxes

(Taxes are up to date)   

Seller Financing option available: 

$20k down + 850/mo @8% simple interest until paid off.   

Schedule a tour with us either in person or virtually!

**Wholesalers can download a contract for this property below.