Address
3807-17 Lippincott Flint, MI
Price
$ 799,900
Property Attributes
  • MLS#40165206
  • TypePending
  • CountyGENESEE
  • CityFlint
  • AreaFlint
  • NeighborhoodFlint
  • Zip48507
  • StyleRanch
  • Year Built1972
  • Taxes$ 10434
  • Price$ 799,900
  • Bedrooms0
  • Full Bathrooms3
  • Half Bathrooms6
  • Sqr Footage18000
  • Lot Size0.98 Acres
Listing Provided Courtesy Of:
First Michigan Realty Corp
Data Source:
MiRealSource (MIRS) - 138 - MI
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

Bathrooms 9
Class MULTIFAMILY
Community Amenities Laundry Facility, Some Pet Restrictions, Private Entry
Cooling Ceiling Fan(s)
Directions WEST OF CENTER RD SOUTH SIDE OF LIPPINCOTT
Exterior Features Porch, Satellite Dish
Financial Terms Cash, Conventional, FHA
Full Baths 3
Half Baths 6
Heating Baseboard, Electric Heat
Interior Features Cable/Internet Avail.
Listing Area Flint (25023)
Municipality Flint
Originating Mls RealComp
Ownership Private
Parking Unassigned/General
School District Flint City School District
Source Mls MI Real Source
Status Pending
Status Pending
Structure Style 1 Story
Style Ranch
Subdivision EVERGREEN PARK NO 1
Subj To Short Sale Apprvl No
Type Multi-Family
Water Public Water
Water Heater Electric
Year Built 1972
Zoning Multi-Family

Interior Features

Fireplace? No
Fuel Type Electric
Total Number of Units 35

Exterior Features

Exterior Brick
Foundation Type Slab
Frontage 429
Lot Dimensions 429x101
Lot Size Area 0.98
Roads Paved Street
Sewer Septic Public At Street, Public Sanitary
Waterfront Y/N No

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

Property vs Pending Average in 48507

Price
AVG $140K
$800K
Taxes
AVG $1,955
$10,434
Visits
AVG 28
24
Year Built
AVG 1957
1972
Walkscore
AVG 32
37
Data Provided by Walkscore ® not using MLS data