NOT LISTED FOR SALE

3418 Fenton Rd Flint, MI 48507

Estimated Value: $223,937

4 Beds
4 Baths
3,450 Sq Ft
$65/Sq Ft Est. Value

Last Sold March 16, 2018

Last sale price $100,000 $29 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,475/month

125 Days on Market

Highlights

  • Balcony
  • Awning
  • Baseboard Heating
  • Patio

About This Home

As of March 2018

Ready To Make That Passive Income You Have Been Dreaming About? This Is The Property For You!!! A true investment Goldmine!!! 4 units along the top floor. For additional income, the large storage area along the bottom floor, could be turned into a laundry mat for the tenants. Monthly gross is $2,400!!! Located right by Baker College and easy access To 23, 475, 75 & Bishop Airport.

At just $135,000 with an UNBELIEVEABLE 14% Cap Rate it's not a bargain, it's a steal!!

Last Agent to Sell the Property

Carey Lee

EXP Realty Main License #6501400799 Listed on: 10/03/2017

EXP Realty Main

Last Buyer's Agent

Dave Moody

Reality Real Estate Professionals License #6504400481

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 70 x 121

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,450 Sq Ft Home
  • 2-Story Property
  • Awning

Parking

  • Paved Parking
  • Unassigned Parking

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting

Utilities

  • Baseboard Heating
  • Liquid Propane Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • 4 Units
  • The Bronx Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0725579083

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,495

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 3.69
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Sq Ft Combined: 3450
  • Total Sq Ft: 3450

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Aluminum, Brick, Wood
  • Exterior Features: Awning/Overhang(s), Lighting
  • Foundation Materials: Block
  • Porch Type: Balcony, Patio
  • Road Frontage Type: Gravel, Paved

Garage/Parking

  • MF Parking: Paved, Unassigned/General

Utilities

  • Heating Fuel: LP Gas/Propane
  • Heating: Baseboard
  • Sewer: Sewer at Street
  • Water Source: Well (Existing)
  • Laundry Facilities: No

Schools

  • School District: Carman-Ainsworth

Lot Info

  • List Price per Acre: 710526.3158
  • Lot Size Area: 0.19
  • Lot Dimensions: 70 x 121
  • Parcel Number: 0725579083
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2400

Tax Info

  • Tax Amount Summer: 1803.0000
  • Tax Amount Winter: 692.0000
  • Total Tax: 2495.0000

Multi Family

  • Gross Scheduled Income: 28800.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Carman-Ainsworth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2024
Sold by
1902 Fenton Rd Apartments Llc and Kimball Investments Llc
Bought by
Rp & Z Properties Llc
Current Estimated Value
$223,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,930
Outstanding Balance
$152,160
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
$71,777

Purchase Details

Closed on
Dec 15, 2023
Sold by
Fenton Hull Apartments Llc
Bought by
1902 Fenton Rd Apartments Llc

Purchase Details

Listed on
Oct 3, 2017
Closed on
Mar 16, 2018
Sold by
Dakki Akeel and Dakki Al
Bought by
Fenton Hull Apartments Llc
Seller's Agent
Carey Lee
EXP Realty Main
Buyer's Agent
Dave Moody
Reality Real Estate Professionals
List Price
$139,000
Sold Price
$100,000
Premium/Discount to List
-$39,000
-28.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%

Purchase Details

Closed on
Nov 19, 2004
Sold by
Nelson Cinnamon Ann and Powell Michael
Bought by
Dakki Akeel and Dakki Al

Purchase Details

Closed on
May 5, 2004
Sold by
Belzer F Jack and Estate Of Julia P Latreille
Bought by
Latreille Judith 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 Buyer Sale Price Title Company
Rp & Z Properties Llc $219,900 Bell Title
1902 Fenton Rd Apartments Llc $75,000 Liberty Title
Fenton Hull Apartments Llc $100,000 Cislo Title Co
Dakki Akeel $125,000 Metropolitan Title Company
Powell Michael $120,000 Metropolitan Title Company
Latreille Judith P -- Metropolitan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rp & Z Properties Llc $153,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $100,000 -25.9% $29 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
12/28/2017 12/28/17 Price Changed $135,000 -2.9% $39 / Sq Ft
10/03/2017 10/03/17 For Sale $139,000 -- $40 / 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 $3,450 $85,000 $0 $0
2023 $3,363 $83,500 $0 $0
2022 $2,825 $82,000 $0 $0
2021 $1,384 $79,400 $0 $0
2020 $3,135 $80,000 $0 $0
2019 $3,096 $76,900 $0 $0
2018 $2,984 $58,000 $0 $0
2017 $2,452 $58,000 $0 $0
2016 $2,495 $53,100 $0 $0
2015 $2,452 $47,900 $0 $0
2014 $1,754 $41,900 $0 $0
2012 -- $44,600 $16,800 $27,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Carey Lee

    EXP Realty Main

    Section Image
  • Dave Moody

    Buyer's Agent in 2018

    Dave Moody

    Reality Real Estate Professionals

    (734) 362-9511

    35 Total Sales

    Dave Moody
    Section Image
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Map

Source: Realcomp

MLS Number: 217109333

Realcomp

APN: 07-25-579-083

Michigan Genesee County Flint 48507

3418 Fenton Rd, Flint, MI

This home is located at 3418 Fenton Rd, Flint, MI 48507 since 03 October 2017 and is currently estimated at $223,937, approximately $64 per square foot. This property was built in 1960. 3418 Fenton Rd is a home located in Genesee County with nearby schools including Carman-Ainsworth High School and International Academy of Flint (K-12).

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
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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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