NOT LISTED FOR SALE

Estimated Value: $568,000

26 Beds
46 Baths
13,222 Sq Ft
$43/Sq Ft Est. Value

Last Sold November 03, 2022

Last sale price $400,000 $30 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,535/month

54 Days on Market

Highlights

  • 0.44 Acre Lot
  • Forced Air Heating System
  • Dogs Allowed

About This Home

As of November 2022

Great investment opportunity! (18) one bedroom units, (4) two bedroom units and (1) studio apartment located in the Flint cultural center and apartments with private balconies. Property being updated and modernized. The current owner has updated about 10 units with paint, flooring, updated appliances and balconies. Downtown within walking distance, and multiple colleges and universities and I-475 nearby. BATVAI!

Currently we are only showing the property on Tuesdays and Thursdays from 4-7, for curtesy of tenants. Please schedule a showing through showing-time if you would like to view the property.

Last Agent to Sell the Property

Jason Scalf

855 Manager.com License #6501386171 Listed on: 08/24/2022

Co-Listed By

Frank Gineman

855 Manager.com License #6501363029

Last Buyer's Agent

Frank Gineman

855 Manager.com License #6501363029

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 150.00 x 129.00

Home Design

  • Block Foundation
  • Poured Concrete

Interior Spaces

  • 13,222 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 4107453051

Community Details

Overview

  • 23 Units
  • Henry H. Crapo's Add Subdivision

Pet Policy

  • Dogs Allowed
  • The building has rules on how big a pet can be within a unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Assessment: 101.00
  • Year Built: 1978
  • State Equalized Value: 220600.0000
  • Pets Allowed: Dogs OK, Size Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 23.23
  • Full Bathrooms: 23
  • Half Bathrooms: 23
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 13222

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Wood
  • Foundation Materials: Block, Poured
  • Road Frontage Type: Paved
  • Sideof Street: W

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.44
  • Lot Dimensions: 150.00 x 129.00
  • Parcel Number: 4107453051
  • Zoning: Commercial

Rental Info

  • Monthly Rental Income: 5000

Tax Info

  • Tax Amount Summer: 12439.0000
  • Tax Amount Winter: 1296.0000
  • Total Tax: 13735.0000
  • Taxable Value: 188467.0000

Multi Family

  • Gross Scheduled Income: 60000.00
  • Number Of Units Total: 23
  • Number of Efficiency Units: 1

MLS Schools

  • School District: Flint

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Nov 17, 2022
Sold by
Flint East Village Llc
Bought by
Flint East Village Apartments Llc
Seller's Agent
Jason Scalf
855 Manager.com
Buyer's Agent
Frank Gineman
855 Manager.com
List Price
$580,000
Sold Price
$400,000
Premium/Discount to List
-$180,000
-31.03%
Views
124
Current Estimated Value
$568,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,000

Purchase Details

Closed on
Jul 30, 2018
Sold by
522 Crapo Llc
Bought by
Flint East Village Llc

Purchase Details

Closed on
Jul 26, 2016
Sold by
Rotshild Investment Llc
Bought by
522 Crapo Llc

Purchase Details

Closed on
Mar 27, 2012
Sold by
East Village Partners
Bought by
Bkt Ventures Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Flint East Village Apartments Llc $400,000 First American Title
Flint East Village Llc $475,000 Sargents Title Co
522 Crapo Llc $240,000 Sargents Title Co
522 Crapo Llc -- None Available
Bkt Ventures Llc $195,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Flint East Village Apartments Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2022 11/03/22 Sold $400,000 -23.8% $30 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
09/23/2022 09/23/22 Price Changed $525,000 -9.5% $40 / Sq Ft
08/24/2022 08/24/22 For Sale $580,000 -- $44 / 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
2025 $19,337 $269,600 $0 $0
2024 $17,486 $269,600 $0 $0
2023 $17,597 $269,800 $0 $0
2022 $0 $237,800 $0 $0
2021 $13,735 $220,600 $0 $0
2020 $12,281 $214,300 $0 $0
2019 $14,115 $182,400 $0 $0
2018 $11,399 $162,300 $0 $0
2017 $13,238 $0 $0 $0
2016 $12,157 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $145,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221034318

Realcomp

APN: 41-07-453-051