$7,000,000

6101 Selby Street, Flint, MI 48505

  • 99 baths |
  • 162,898 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1999
  • Property Lot Size Icon8.5acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $43/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
March 3, 2026
Data Last Updated:
May 20, 2026 at 4:46PM
Listing Office:
OakPointe Real Estate Advisors : 248-972-7040
Listing Agent:
Michael McClafferty : 248-972-7040
MLS ID:
60973256
  • Heating: Forced Air
  • General: Vinyl SidingTwoSlab
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • School District: Flint City School District
  • County: Genesee
  • Zoning: ROSEMONT LOTS 545556 AND 57; ALSO AN UNPLATTED PART OF SEC 30T8NR7E DESC AS: BEG AT A PT ON W LINE OF SELBY ST N 00 DEG 38 MIN E834.4 FT FROM ITS INTERSEC WITH N LINE OF MOTT AVE; TH N 89 DEG 06 MIN W744.50 FT; TH N 00 DEG 38 MIN E476.7 5 FT; TH E 744.5 FT TO W LINE OF SELBY ST; TH S 00 DEG 38 MIN W476.75 FT ALG SD W LINE TO POB.
  • Water: Public
  • Source: MiRealSource

This listing courtesy of Michael McClafferty , OakPointe Real Estate Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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