$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 29 days 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:
April 2, 2026 at 7:45AM
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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Location

Schools Nearby

B

Brownell STEM Academy

6302 Oxley Dr, Flint, MI, 48504

Grades KG-5

2.15 miles away

H

Holmes STEM Middle School Academy

G2138 W Carpenter Rd, Flint, MI, 48505

Grades 6-8

1.81 miles away

K

Kearsley Street

923 E Kearsley St, Flint, MI, 48503

Grades PK-12

3.19 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.