Address
3807-17 Lippincott Flint, MI
Price
$ 799,900
Property Attributes
  • ID#2210027438
  • TypeMulti-Family
  • CountyGENESEE
  • CityFlint
  • AreaFlint
  • NeighborhoodEVERGREEN PARK NO 1
  • Zip48507
  • StyleDuplex,Ranch
  • Year Built1972
  • Taxes$ 10434
  • Price$ 799,900
  • Bedrooms33
  • Full Bathrooms36
  • Half Bathrooms0
  • Sqr Footage18000
  • Lot Size0.98 Acres
Listing Provided Courtesy Of:
First Michigan Realty Corp
Data Source:
REALCOMP II LTD.
Property Description

THIS FANTASTIC OPPORTUNITY WILL NOT LAST, FOLKS!! A TRUE 14 CAP RATE WITH POTENTIAL PROJECTED 19.7 WITH RENTAL INCREASE THIS YEAR!!! THIS SUPER GARDEN/LOW RISE APARTMENT COMPLEX HAS 35 RANCH STYLE UNITS WITH PRIVATE ENTRY. TENANTS PAY ALL UTILITIES EXC WATER. 33 UNITS HAVE SEPARATE BD/550 SQ FT AND 2 LARGE EFFICIENCIES.FURTHER, THERE ARE 2 UTILITY BLDGS AND SEPARATE METERS/2 STORAGE FACILITIES IN EACH OF THE BLDGS AND A SEPARATE SPACIOUS LEASING OFFICE WITH BATH.2 BLDGS/CONDO STYLE W/ POTENTIAL IMMEDIATE INCOME WITH A CONDO CONVERSION AS WELL! BURTON CITY BORDER PROPERTY HERE! BEAUTIFUL AND DESIRABLE!! OCCUPANCY AT 95% CURRENTY AND AVG 100% WITH MANY LONG TERM TENANTS!FUSSY LANDLORD HAS A VERY LONG WAITING LIST! SELLER FORCED AND MUST TRANSFER TO MA, OTHERWISE WOULD NEVER CONSIDER THE SALE OF HIS MONEY MAKING COMPLEX SO HURRY WE LOOK FORWARD AND STAND READY!!! PLEASE BE DISCREET-TENANTS ARE NOT AWARE OF SALE!AGENT WILL INCLUDE SOME SUMMER PICS SO YOU CAN SEE ROOF -NEWER PARKING-ETC

Price History
4/20/2021 Listed $799,900

General Features

Construction Materials Brick
Cooling Ceiling Fan(s), Separate Meter
Cumulative Days on Market 47
Gross Scheduled Income 156600.00
Heating Baseboard
Listing Agent Public Id 273890
Net Operating Income 118704.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 4116482014
Parking Total 53
Property Type Multifamily
School District Flint
Sewer Sewer at Street, Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name EVERGREEN PARK NO 1
Terms Offered Cash, Conventional, FHA, FHA 203K, Warranty Deed
Total Sq Ft 18000
Transaction Type Sale
Year Built 1972
Year Remodeled 2018
Zoning Multi-Family

Interior Features

Full Baths 36
Heating Fuel Electric
Interior Features Cable Available, High Spd Internet Avail, Laundry Facility
Total Baths 36.00
Total Units 35
Unit Count 2

Exterior Features

Architecture Level 1 Story
Architecture Style Duplex, Ranch
Exterior Features Outside Lighting, Private Entry, Satellite Dish
Foundation Slab
Foundation Materials Poured, Other
Frontage Feet 429
Lot Size Area 0.98
Lot Size Dimensions 429x101
Porch Porch
Roof Material Asphalt
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of June 12, 2021 2:36 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48507

Price
AVG $300K
$800K
Taxes
AVG $4,356
$10,434
Visits
AVG 13
15
Year Built
AVG 1952
1972
Walkscore
AVG 43
37
Data Provided by Walkscore ® not using MLS data