$199,900
SOLD JUN 26, 2019

3211 N Franklin Ave Flint, MI 48506

Eastside Neighborhood
16 Beds
15 Baths
8,000 Sq Ft
0.42 Acres

Recently Sold

$25 Per Sq Ft

28 Days on Market

Highlights

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

About This Home

As of April 2021

Well-maintained investment in Flint! This high-occupancy property consists of 14 one-bedroom apartments and a 2-bedroom single-family home. Newer appliances, flooring, and fresh paint throughout the apartment units, and new roof in 2010. Electric baseboard heat; electric paid by tenants. Landlord pays water. High occupancy with many long-term tenants and additional income from owned coin washer & dryer. Off-street parking for tenants. Call for more information on this great investment opportunity!

Last Agent to Sell the Property

Edward Constable

Tremaine Real Estate License #6501377324 Listed on: 03/29/2019

Last Buyer's Agent

Timothy Kish

Ada Home Realty LLC License #RCO-6502393543

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 220x64

Home Design

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

Interior Spaces

  • 15 Full Bathrooms
  • 8,000 Sq Ft Home
  • 1-Story Property

Utilities

  • Back Up Electric Heat Pump System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 15 Units
  • Motor Heights Second Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4105133038

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 1 Story
  • Assessment: 70.94
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 15.00
  • Full Bathrooms: 15
  • Sq Ft Combined: 8000
  • Total Sq Ft: 8000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Poured
  • Frontage Feet: 398
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Electric
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Flint

Lot Info

  • List Price per Acre: 475952.3810
  • Lot Size Area: 0.42
  • Lot Dimensions: 220X64
  • Parcel Number: 4105133038
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 5200

Tax Info

  • Tax Amount Summer: 4922.0000
  • Tax Amount Winter: 288.0000
  • Total Tax: 5210.0000

Multi Family

  • Gross Scheduled Income: 62400.00
  • Number Of Units Total: 15
  • Unit Count: 2
  • Number of One Bedroom Units: 14
  • Number of Two Bedroom Units: 1
  • 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
Current Estimated Value
$295,295

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
1.23%
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
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $275,000 --
Warranty Deed $275,000 None Available
Warranty Deed $199,900 Liberty Title
Warranty Deed $155,000 Centennial Title Co
Warranty Deed $150,000 Metropolitan Title Company
Interfamily Deed Transfer -- Cislo Title Company
Warranty Deed $111,200 Cislo Title Company
Quit Claim Deed -- Cislo Title Company
Quit Claim Deed -- Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $220,000 Future Advance Clause Open End Mortgage
Previous Owner $159,920 Commercial
Previous Owner $118,125 Commercial
Previous Owner $123,300 Commercial
Previous Owner $15,000 Commercial
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

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Map

Source: Realcomp

MLS Number: 219027516

Realcomp

APN: 41-05-133-038