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About the Listing 115113 - RC421721
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.
Listing Highlights
Status
Active
Days on Site
57
Property Type
Multi-Family
MLS ®
60973256
Year Built
1999
Total Square Footage
162,898
Lot/Acreage
8.5
Interior Details
- Bedrooms: 0
- Bathrooms: 99 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 162898
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 472.43X744.5
- Zoning: Multi-Family
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $63
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
6101 Selby Flint, MI 48505
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