NOT LISTED FOR SALE

5201 N Dort Hwy Flint, MI 48505

Northeast Village Neighborhood
48 Beds
24 Baths
24,500 Sq Ft
2.55 Acres

Last Sold January 31, 2020

Last sale price $275,000 $11 Per Sq Ft

307 Days on Market

Highlights

  • 2.55 Acre Lot
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of January 2020

46 Site Mobile Home Park with Significant Upside
All Park Owned homes
2.55 Acre Site
2.56 Acres Excess Land for Future Development.
Market Lot Rents
Upside with Vacant Lots and Existing Homes
City Sewer & Water

Flint is a dense and diverse community with a solid base of population in the manufacturing industry and is the largest city and seat of Genesee County.

The property is truly a forgotten remnant surrounded an established market. The location is centralized and accessible to multiple highways and just north of downtown Flint.

The opportunity stems from the low occupancy and previous lack of investment. Proper management and improvements will increase the occupancy and can position the average lot rent closer to market.

The financial scenario indicates a significant return with conservative projections on growth. Minimal investment is required to reengage the project with multiple additional possible improvements to increase value and revenue.

Last Listed By

Tjader Gerdom

GRI Homes For Today License #6501285892 Listed on: 03/13/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1960

Lot Details

  • 2.55 Acre Lot

Home Design

  • Slab Foundation
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 24 Full Bathrooms
  • 24,500 Sq Ft Home
  • 1-Story Property

Utilities

  • Forced Air Heating System
  • Liquid Propane Gas Water Heater

Community Details

  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 4729353008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,914

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 1 Story
  • Year Built: 1960
  • State Equalized Value: 119200.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 24.00
  • Full Bathrooms: 24
  • Sq Ft Combined: 24500
  • Total Sq Ft: 24500

Exterior Features

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

Utilities

  • Heating Fuel: LP Gas/Propane
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Flint

Lot Info

  • List Price per Acre: 117254.9020
  • Lot Size Area: 2.55
  • Lot Dimensions: IRREGULAR
  • Parcel Number: 4729353008
  • Zoning: Light Industrial

Rental Info

  • Monthly Rental Income: 6700

Tax Info

  • Tax Amount Summer: 5478.0000
  • Tax Amount Winter: 436.0000
  • Total Tax: 5914.0000
  • Taxable Value: 88498.0000

Multi Family

  • Gross Scheduled Income: 80400.00
  • Number Of Units Total: 24
  • Number of Two Bedroom Units: 24
  • Number Of Units Leased: 16

MLS Schools

  • School District: Flint

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Jan 31, 2020
Sold by
Carriage Hills Mobile Home Park Llc
Bought by
Dorty Hwy Property Management Llc
Seller's Agent
Tjader Gerdom
GRI Homes For Today
Buyer's Agent
Tjader Gerdom
GRI Homes For Today
List Price
$550,000
Sold Price
$275,000
Premium/Discount to List
-$275,000
-50%
Total Days on Market
307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Outstanding Balance
$165,884
Interest Rate
3.72%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 17, 2019
Sold by
Cozy Corner Mhc Llc
Bought by
Carriage Hills Mobile Home Park Llc

Purchase Details

Closed on
May 15, 2014
Sold by
Carriage Hills Mobile Home Park Llc
Bought by
Cozy Corner Mhp Llc

Purchase Details

Closed on
Sep 11, 2007
Sold by
Corcoran Collene K and Estate Of Deborah Lynn Kind
Bought by
Carriage Hills Mobile Home Park Llc

Purchase Details

Closed on
Apr 5, 2004
Sold by
Pickett Elliott
Bought by
Carriage Hills Mobile Home Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2004
Sold by
Carriage Hills M H P Inc
Bought by
Carriage Hills Mobile Home Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

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
Dorty Hwy Property Management Llc $275,000 Mason Burgess Title Agency
Carriage Hills Mobile Home Park Llc -- Mason Burgess Title Agency
Cozy Corner Mhp Llc -- None Available
Carriage Hills Mobile Home Park Llc -- None Available
Carriage Hills Mobile Home Park Llc $180,000 --
Carriage Hills Mobile Home Park Llc $281,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorty Hwy Property Management Llc $185,000
Previous Owner Carriage Hills Mobile Home Park Llc $268,500
Previous Owner Carriage Hills Mobile Home Park Llc $249,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $275,000 -8.0% $11 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
11/12/2019 11/12/19 Price Changed $299,000 -45.6% $12 / Sq Ft
03/13/2019 03/13/19 For Sale $550,000 -- $22 / 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 $7,997 $135,100 $0 $0
2023 $7,667 $119,100 $0 $0
2022 $0 $118,600 $0 $0
2021 $7,899 $107,800 $0 $0
2020 $6,152 $103,800 $0 $0
2019 $5,890 $114,100 $0 $0
2018 $6,248 $119,200 $0 $0
2017 $6,040 $0 $0 $0
2016 $5,987 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $110,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tjader Gerdom

    GRI Homes For Today

    (248) 234-6789

    37 Total Sales

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Map

Source: Realcomp

MLS Number: 219021625

Realcomp

APN: 47-29-353-008

Michigan Genesee County Flint 48505 Northeast Village

5201 N Dort Hwy, Flint, MI

Homes for Sale in Flint, MI

This home is located at 5201 N Dort Hwy, Flint, MI 48505 since 13 March 2019. This property was built in 1960. 5201 N Dort Hwy 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.

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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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