$899,900
$899,900
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33 Beds
36 Baths
18,000 SqFt
SOLD DATE : 04/06/2021
Key Details
Sold Price $899,900
Property Type Multi-Family
Sub Type Duplex,Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $49
Subdivision Evergreen Park No 1
MLS Listing ID 2210009100
Sold Date 04/06/21
Style Duplex,Ranch
Bedrooms 33
Full Baths 36
Originating Board Realcomp II Ltd
Year Built 1972
Annual Tax Amount $10,434
Lot Size 0.980 Acres
Acres 0.98
Lot Dimensions 429x101
Property Description
THIS FANTASTIC OPPORTUNITY WILL NOT LAST, FOLKS!! A TRUE 14 CAP RATE WITH POTENTIAL PROJECTED 19.7 WITH RENTAL INCREASE THIS YEAR!!! THIS SUPER GARDEN/LOW RISE APARTMENT COMPLEX HAS 35 RANCH STYLE UNITS WITH PRIVATE ENTRY. TENANTS PAY ALL UTILITIES EXC WATER. 33 UNITS HAVE SEPARATE BD/550 SQ FT AND 2 LARGE EFFICIENCIES.FURTHER, THERE ARE 2 UTILITY BLDGS AND SEPARATE METERS/2 STORAGE FACILITIES IN EACH OF THE BLDGS AND A SEPARATE SPACIOUS LEASING OFFICE WITH BATH.2 BLDGS/CONDO STYLE W/ POTENTIAL IMMEDIATE INCOME WITH A CONDO CONVERSION AS WELL! BURTON CITY BORDER PROPERTY HERE! BEAUTIFUL AND DESIRABLE!! OCCUPANCY AT 95% CURRENTY AND AVG 100% WITH MANY LONG TERM TENANTS!FUSSY LANDLORD HAS A VERY LONG WAITING LIST! SELLER FORCED AND MUST TRANSFER TO MA, OTHERWISE WOULD NEVER CONSIDER THE SALE OF HIS MONEY MAKING COMPLEX SO HURRY WE LOOK FORWARD AND STAND READY!!! PLEASE BE DISCREET-TENANTS ARE NOT AWARE OF SALE!AGENT WILL INCLUDE SOME SUMMER PICS SO YOU CAN SEE ROOF -NEWER PARKING-ETC
Location
State MI
County Genesee
Area Flint
Zoning Multi-Family
Direction WEST OF CENTER RD SOUTH SIDE OF LIPPINCOTT
Interior
Interior Features Cable Available, High Spd Internet Avail, Laundry Facility
Hot Water Electric, Separate Meters
Heating Baseboard
Cooling Ceiling Fan(s), Separate Meter
Heat Source Electric
Exterior
Exterior Feature Outside Lighting, Private Entry, Satellite Dish
Garage Spaces 53.0
Pool No
Roof Type Asphalt
Accessibility Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Common Area, Interior Disabled Facilities
Porch Porch
Road Frontage Paved
Building
Foundation Slab
Sewer Sewer at Street, Sewer-Sanitary
Water Municipal Water
Architectural Style Duplex, Ranch
Level or Stories 1 Story
Structure Type Brick
Schools
School District Flint
Others
Pets Allowed Yes
Tax ID 4116482014
Ownership Private Owned,Short Sale - No
Acceptable Financing Cash, Conventional, FHA, FHA 203K, Warranty Deed
Rebuilt Year 2018
Listing Terms Cash, Conventional, FHA, FHA 203K, Warranty Deed
Financing Cash,Conventional,FHA,FHA 203K,Warranty Deed
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Bought with First Michigan Realty Corp