NOT LISTED FOR SALE

3211 N Franklin Ave Flint, MI 48506

Eastside Neighborhood

Estimated Value: $288,370

14 Beds
28 Baths
8,000 Sq Ft
$36/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $275,000 $34 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,322/month

80 Days on Market

Highlights

  • 0.32 Acre Lot
  • 1-Story Property
  • Baseboard Heating

About This Home

As of April 2021

**BACK ON THE MARKET,***Fully occupied, easy-to-rent, 14 unit apartment building. Tenants pay all utilities after new in unit water meters installed in 2020, new gutters and downspouts installed in 2018, several units have all new appliances. Property management in place, or bring your own. Current NOI $44,316.00 with a cap rate of 16.7%. Room to increase rents to market and boost cap rate to 18%. Coin operated laundry brings in roughly $200/month. Offers encouraged. Please do not disturb tenants, contact the listing agent to schedule showings.

Last Listed By

Timothy Kish

Ada Home Realty LLC License #6502393543 Listed on: 01/07/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1970

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 220.00x64.00

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 8,000 Sq Ft Home
  • 1-Story Property

Utilities

  • Back Up Electric Heat Pump System
  • Baseboard Heating

Community Details

  • 14 Units
  • Motor Heights Second Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4105133038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,446

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 1 Story
  • Assessment: 100.22
  • Year Built: 1970
  • State Equalized Value: 91100.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 14.14
  • Full Bathrooms: 14
  • Half Bathrooms: 14
  • Sq Ft Combined: 8000
  • Total Sq Ft: 8000

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Electric
  • Heating: Baseboard
  • Sewer: Separate Meters
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Flint

Lot Info

  • List Price per Acre: 828125.0000
  • Lot Size Area: 0.32
  • Lot Dimensions: 220.00X64.00
  • Parcel Number: 4105133038
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 5000

Tax Info

  • Tax Amount Summer: 6070.0000
  • Tax Amount Winter: 376.0000
  • Total Tax: 6446.0000
  • Taxable Value: 91100.0000

Multi Family

  • Gross Scheduled Income: 60000.00
  • Number Of Units Total: 14
  • Number of One Bedroom Units: 14
  • Number Of Units Leased: 14

MLS Schools

  • School District: Flint

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2022
Sold by
Z & M Mi Holdings Llc
Bought by
3211 Franklin Llc
Total Days on Market
80
Current Estimated Value
$288,370

Purchase Details

Listed on
Jan 7, 2021
Closed on
Apr 7, 2021
Sold by
Kca Group Investments Llc
Bought by
Z & M Mi Holdings Llc
Seller's Agent
Timothy Kish
Ada Home Realty LLC
Buyer's Agent
Jamison Agnello
Brookstone, Realtors LLC
List Price
$265,000
Sold Price
$275,000
Premium/Discount to List
$10,000
3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%
Original Mortgage
$220,000
Interest Rate
3.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 29, 2019
Closed on
Jun 26, 2019
Sold by
Mehka Investments Llc
Bought by
Kca Group Investments Llc
Seller's Agent
Edward Constable
Tremaine Real Estate
Buyer's Agent
Timothy Kish
Ada Home Realty LLC
List Price
$199,900
Sold Price
$199,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.50%
Original Mortgage
$159,920
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2004
Sold by
C & L Associates Llc
Bought by
Cpm Properties Inc

Purchase Details

Closed on
Dec 12, 2002
Sold by
Booth Douglas D and Perez Booth Celia
Bought by
C & L Associates Llc

Purchase Details

Closed on
Feb 19, 2002
Sold by
Celia Perez Booth Family Trust
Bought by
Booth Celia Perez

Purchase Details

Closed on
Jul 16, 1999
Sold by
Lane Trust
Bought by
Celia Perez Booth Family Trust

Purchase Details

Closed on
Dec 3, 1997
Sold by
Sherman Sherman A and Sherman M L
Bought by
Lane Trust and Lane Swayne Clinic P C Defined Benefit P

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
3211 Franklin Llc $275,000 --
Z & M Mi Holdings Llc $275,000 None Available
Kca Group Investments Llc $199,900 Liberty Title
Cpm Properties Inc $155,000 Centennial Title Co
C & L Associates Llc $150,000 Metropolitan Title Company
Booth Celia Perez -- Cislo Title Company
Celia Perez Booth Family Trust $111,200 Cislo Title Company
Booth Celia Perez -- Cislo Title Company
Lane Trust -- Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Z & M Holdings Llc $220,000
Previous Owner Kca Group Investments Llc $159,920
Previous Owner Mehka Investments Llc $118,125
Previous Owner Cpm Properties Inc $123,300
Previous Owner Cpm Properties Inc $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2021 04/08/21 Sold $275,000 +3.8% $34 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $265,000 0.0% $33 / Sq Ft
01/14/2021 01/14/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $265,000 +32.6% $33 / Sq Ft
06/26/2019 06/26/19 Sold $199,900 0.0% $25 / Sq Ft
04/26/2019 04/26/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $199,900 +24.9% $25 / Sq Ft
11/18/2016 11/18/16 Sold $160,000 -3.0% $20 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $165,000 -- $21 / Sq Ft
Source: Realcomp

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 $8,585 $138,100 $0 $0
2023 $8,230 $125,600 $0 $0
2022 $0 $125,600 $0 $0
2021 $6,783 $111,100 $0 $0
2020 $6,070 $91,100 $0 $0
2019 $4,111 $80,900 $0 $0
2018 $4,347 $68,900 $0 $0
2017 $5,305 $0 $0 $0
2016 $3,821 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $54,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Timothy Kish

    Ada Home Realty LLC

    (248) 765-9509

    2 in this area

    21 Total Sales

    Timothy Kish
    Section Image
  • Jamison Agnello

    Buyer's Agent in 2021

    Jamison Agnello

    Brookstone, Realtors LLC

    (586) 221-4458

    1 in this area

    87 Total Sales

    Jamison Agnello
    Section Image
  • Edward Constable

    Seller's Agent in 2019

    Edward Constable

    Tremaine Real Estate

    (810) 938-3339

    1 in this area

    322 Total Sales

    Edward Constable
    Section Image

  • N

    Buyer's Agent in 2016

    Non Member

    Non-Member

See All Agents

Map

Source: Realcomp

MLS Number: 2210001452

Realcomp

APN: 41-05-133-038

Michigan Genesee County Flint 48506 Eastside

3211 N Franklin Ave, Flint, MI

Homes for Sale in Flint, MI

This home is located at 3211 N Franklin Ave, Flint, MI 48506 since 07 January 2021 and is currently estimated at $288,370, approximately $36 per square foot. This property was built in 1970. 3211 N Franklin Ave is a home located in Genesee County with nearby schools including Brownell STEM Academy, Richfield Public School Academy, and Flint Cultural Center Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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