$375,000

Estimated payment $2,469/month

Total Views 11,700
8 Beds
8 Baths
5,170 Sq Ft
$73 Price per Sq Ft

About This Home

READ SHOWING INSTRUCTIONS BEFORE SHOWING PROPERTY - Prime investment opportunity! This 8-unit multifamily property is perfectly positioned just blocks from the University of Michigan - Flint campus. With 6 of 8 units currently rented, this property offers immediate rental income with room for additional occupancy. Profit & loss statements and rental income details are available.

Listing Agent

Danny O'Brien

Wentworth Real Estate Group License #6501410099

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1905

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66.00 x 132.00

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 8 Full Bathrooms
  • 5,170 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 4012283029

Community Details

Overview

  • 8 Units
  • Garland's Add Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,677

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Assessment: 62.00
  • Year Built: 1905
  • State Equalized Value: 101700.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 5170
  • Total Sq Ft: 5170
  • Sq Ft Total Bsmt: 2500

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Flint

Lot Info

  • Lot Size Area: 0.20
  • Lot Dimensions: 66.00 x 132.00
  • Parcel Number: 4012283029
  • Zoning: Commercial

Rental Info

  • Monthly Rental Income: 3785

Tax Info

  • Tax Amount Summer: 4252.0000
  • Tax Amount Winter: 425.0000
  • Total Tax: 4677.0000
  • Taxable Value: 64827.0000

Multi Family

  • Gross Scheduled Income: 45420.00
  • Number Of Units Total: 8
  • Number of One Bedroom Units: 8
  • Number Of Units Leased: 6

MLS Schools

  • School District: Flint

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,252 $101,700 $0 $0
2023 $5,298 $86,500 $0 $0
2022 $0 $58,800 $0 $0
2021 $3,227 $54,600 $0 $0
2020 $2,893 $54,600 $0 $0
2019 $2,778 $54,600 $0 $0
2018 $2,922 $54,600 $0 $0
2017 $2,826 $0 $0 $0
2016 $2,801 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $40,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 For Sale $375,000 -- $73 / Sq Ft
Source: Realcomp

Deed History

Date Type Sale Price Title Company
Warranty Deed $120,000 Transnation Title
Warranty Deed -- Guaranty Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $90,000 Future Advance Clause Open End Mortgage
Source: Public Records

Similar Home in Flint, MI

  • 314 W 5th St, Flint, MI 48502

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    Large, 7 unit multifamily building with full occupancy. Great investment property with potentially high profitability. Each unit contains kitchen, bedroom, bath and living area. Extremely desirable location less than 1 mile of UM-Flint campus. Consistently stays rented. Abundance of parking.

    Jake Worthington Wentworth Real Estate Group

    Section Image

Source: Realcomp

MLS Number: 20250020802

Realcomp

APN: 40-12-283-029