NOT LISTED FOR SALE

Estimated Value: $138,000 - $153,000

4 Beds
4 Baths
3,044 Sq Ft
$48/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $112,800 $37 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,113/month

55 Days on Market

Highlights

  • Victorian Architecture
  • Forced Air Heating System
  • High Speed Internet
  • Covered patio or porch
  • Laundry Facilities

About This Home

As of December 2021

Great Investment opportunity for this fully occupied multifamily 4 units, located on conveniently location of the heart of downtown Flint district. Over 3,044 SQFT of living space building on corner lot with an easy access to expressways. Income producing $2,250 gross monthly professionally managed with many options to investors. Spacious 4 units with 4 Bedrooms, 4 bathrooms, separate entrance to each unit, two electrical/gas meters for each side , 3 covered Porches & private parking. Walking distance to University of Michigan, Mott community College, Cultural Center, Farmer's Market & Downtown Flint. Please do not disturb tenants and call Bahia for any questions.

Last Listed By

Bahia Jarrah

Keller Williams First License #6501324031 Listed on: 08/27/2021

Keller Williams First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 84.00x58.00

Parking

  • Assigned Parking

Home Design

  • Victorian Architecture
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 3,044 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Sump Pump

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 4118202002

Community Details

Overview

  • 4 Units
  • Village Of Flint River Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,408

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Victorian
  • Architecture Level: 2 Story
  • Year Built: 1910
  • State Equalized Value: 53000.0000
  • Foundation Features: Sump Pump
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Laundry Facility
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3044
  • Total Sq Ft: 3044
  • Sq Ft Total Bsmt: 900

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl, Wood
  • Exclusions: Yes
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 84
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces

Utilities

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

Schools

  • School District: Flint

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 84.00X58.00
  • Parcel Number: 4118202002
  • Encroachment: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Electric, Water/Sewer, Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2250

Tax Info

  • Tax Amount Summer: 2271.0000
  • Tax Amount Winter: 137.0000
  • Total Tax: 2408.0000
  • Taxable Value: 22904.0000

Multi Family

  • Gross Scheduled Income: 27000.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Flint

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Dec 3, 2021
Sold by
Promax Investment Partners Llc
Bought by
Otero Angel L
Seller's Agent
Bahia Jarrah
Keller Williams First
Buyer's Agent
Mary Sanborn
EXP Realty
List Price
$139,000
Sold Price
$112,800
Premium/Discount to List
-$26,200
-18.85%
Total Days on Market
55
Current Estimated Value
$145,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,277
Avg. Annual Appreciation
6.32%
Original Mortgage
$84,600
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2016
Sold by
Brandt Raymond F and Brandt Doris E
Bought by
Promax Investment Partners Llc

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
Otero Angel L $112,800 None Listed On Document
Promax Investment Partners Llc $46,000 Cislo Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Otero Angel L $84,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $112,800 -18.8% $37 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $139,000 -- $46 / 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 $4,114 $62,500 $0 $0
2023 $3,986 $54,600 $0 $0
2022 $0 $45,500 $0 $0
2021 $2,451 $55,100 $0 $0
2020 $2,271 $53,000 $0 $0
2019 $1,711 $36,600 $0 $0
2018 $2,205 $32,400 $0 $0
2017 $2,153 $0 $0 $0
2016 $1,763 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $21,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210060906

Realcomp

APN: 41-18-202-002