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$ 160,000
Est. payment | /mo
3 Baths
5,227 Sqft Lot
$ 160,000
Est. payment | /mo
3 Baths
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Flint
Subdivision Flint
MLS Listing ID 20240086301
Originating Board Realcomp
Year Built 1955
Annual Tax Amount $4,108
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50.00 x 101.10
Property Description
Located in the heart of Flint's sought-after College Cultural District, this three-unit property is the ideal investment for savvy buyers or first-time investors. With well-maintained units and reliable tenants already in place, this property generates nearly $2,000 in monthly rental income—offering an excellent 8.75% gross annual return at the listed price of $160,000!Each unit boasts a spacious layout. Currently, two units are rented, providing immediate cash flow, while the third is move-in ready—making it perfect for an owner-occupant to live onsite while renting out the other two units. Alternatively, rent out all three units and maximize your return on investment!The property is nestled in a prime location, just minutes from the Flint Cultural Center, Mott Community College, and University of Michigan-Flint. Tenants love the convenience of being close to top schools, restaurants, shopping, and entertainment, ensuring strong demand and high occupancy rates year-round.
Location
State MI
County Genesee
Area Genesee County - 10
Zoning Multi-Family
Direction East on Court, turn right on Lafayette, turn left on Hills
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Vinyl Siding
Others
Tax ID 4117204010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by The Brand Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "