NOT LISTED FOR SALE

Estimated Value: $558,389

50 Beds
42 Baths
24,000 Sq Ft
$23/Sq Ft Est. Value

Last Sold December 24, 2018

Last sale price $230,000 $10 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $3,963/month

125 Days on Market

Highlights

  • 2.5 Acre Lot
  • Wood Siding
  • 4-minute walk to Rollingwood Park
  • Hot Water Heating System

About This Home

As of December 2018

Great investment potential with this 42 unit 2 story California ranch style lakefront property. There are 32 1 bedroom apartments, 8 2 bedrooms and 2 studio apartments. This property previously was averaging around a 15% cap rate. Buyers agent to verify all info. Property is secured and boarded.

Last Listed By

Jacob Trier

Keller Williams First License #FAAR-125161 Listed on: 04/24/2018

Keller Williams First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,241

Year Built

  • Built in 1968

Lot Details

  • 2.5 Acre Lot
  • 200 Ft Wide Lot

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Bedrooms and Bathrooms

  • 50 Bedrooms
  • 42 Full Bathrooms

Basement

  • Brick Basement

Utilities

  • Hot Water Heating System
  • Separate Meters

Community Details

  • 42 Units

Listing and Financial Details

  • Assessor Parcel Number 4733302006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,241

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Originating MLS: East Central Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: Bi-Level
  • Year Built: 1968
  • Mail City: Flint
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Brick
  • Bedrooms: 50
  • Full Bathrooms: 42
  • Total Bathrooms: 44
  • Half Bathrooms: 2
  • Estimated Sq Ft: 24000

Exterior Features

  • Construction: Aluminum, Wood, Brick
  • Frontage: 200
  • Lake Name: KEARSLEY LAKE
  • Foundation Type: Slab
  • Roads: Paved Street
  • Frontage Type: Water

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Hot Water
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 4733302006
  • Lot Dimensions: 1.2
  • Acreage: 2.5
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Amount: $16,703.00
  • Winter Tax: Amount: $1,039.00

Multi Family

  • Total Units: 42

MLS Schools

  • School District: Flint City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2021
Sold by
Clear Capital Llc
Bought by
Walterfron Capital Llc
Total Days on Market
125
Current Estimated Value
$558,389

Purchase Details

Closed on
Jul 16, 2021
Sold by
Clear Capital Llc
Bought by
Waterfront Capital Llc

Purchase Details

Closed on
Mar 11, 2020
Sold by
Fraser Flint Llc
Bought by
Clear Capital Llc

Purchase Details

Closed on
Mar 10, 2020
Sold by
Fraser Flint Llc
Bought by
Clear Capital Llc

Purchase Details

Listed on
Apr 24, 2018
Closed on
Dec 12, 2018
Sold by
2957 Carr Street Llc
Bought by
Fraser Flint Llc
Seller's Agent
Jacob Trier
Keller Williams First
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$325,000
Sold Price
$230,000
Premium/Discount to List
-$95,000
-29.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.12%

Purchase Details

Closed on
Apr 16, 2018
Sold by
Blackburne Sons Realty Capital Corporati
Bought by
2957 Carr Street Llc

Purchase Details

Closed on
May 5, 2017
Sold by
Empire Worldwide Michigan Kelvin Llc
Bought by
Blackburne And Sons Relaty Capital Corpo

Purchase Details

Closed on
Nov 6, 2015
Sold by
Lakeside Community Apartments Llc
Bought by
Empire Worldwide Michigan Kelvin Llc

Purchase Details

Closed on
Aug 6, 2010
Sold by
Dada Grp Llc
Bought by
Lakeside Community Apartments Llc

Purchase Details

Closed on
May 9, 2006
Sold by
Abuaita George Y and Abuaita Mary G
Bought by
Dada Grp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Interest Rate
6.54%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Walterfron Capital Llc $378,000 None Available
Waterfront Capital Llc $378,000 None Listed On Document
Clear Capital Llc $320,000 Dream Title And Escrow Agcy
Clear Capital Llc $320,000 Dream Title And Escrow Agcy
Fraser Flint Llc $230,000 Cislo Title Co
2957 Carr Street Llc -- None Available
Blackburne And Sons Relaty Capital Corpo $210,011 None Available
Empire Worldwide Michigan Kelvin Llc $395,000 First American Title Ins Co
Lakeside Community Apartments Llc $265,000 First American Title
Dada Grp Llc $900,000 Sargents Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clear Capital Llc $600,000
Previous Owner Lakeside Community Apartments Llc $150,000
Previous Owner Dada Grp Llc $728,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2018 12/24/18 Sold $230,000 -23.3% $10 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
07/09/2018 07/09/18 Price Changed $299,900 -7.7% $12 / Sq Ft
04/24/2018 04/24/18 For Sale $325,000 -- $14 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History Compared to Growth

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 $10,241 $210,700 $0 $0
2023 $10,991 $177,300 $0 $0
2022 $0 $160,100 $0 $0
2021 $4,051 $54,600 $0 $0
2020 $2,311 $54,600 $0 $0
2019 $8,817 $136,500 $0 $0
2018 $78,373 $220,100 $0 $0
2017 $17,742 $0 $0 $0
2016 $14,154 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $190,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 100001697

Michigan Multiple Listing Service

APN: 47-33-302-006