3807-17 LIPPINCOTT $650,000

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    3807-17 LIPPINCOTT Flint, MI 48507

    Sold
    SOLD 3/4/2022

    $650,000

    Market Estimate
    • 0 Beds
    • 36 Baths
    • 18,000 sq. ft.
    • Multi-Family
    • MLS# 40165206
    3807-17 LIPPINCOTT, Flint, MI 48507
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    Listing provided courtesy of: First Michigan Realty Corp - 248-820-5515
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    Property Details

    BACK ON MARKET NOW! BUYER LOAN FELL THROUGH!!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. 32 UNITS HAVE SEPARATE BD/550 SQ FT AND 3 LARGE EFFICIENCIES.FURTHER, THERE ARE SEPARATE METER 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! MULTIPLE OFFERS-DEADLINE TO PRESENT ALL AND CHOOSE HIGH/BEST AT 1-7-22 3:30PM PLEASE BE DISCREET-TENANTS ARE NOT AWARE OF SALE-FEEL FREE TO DRIVE/WALK PROPERTY

    • General Features
      • COMMUNITY AMENITIES Laundry Facility,Private Entry
      • Acreage 0.98
      • Area Municipality Flint (25023)
      • County Genesee
      • Originating MLS RealComp
      • Ownership Private
      • Structure Style 1 Story
      • Styles Ranch
      • Subdivision EVERGREEN PARK NO 1
      • Waterfront Y/N No
      • Year Built 1972
      • ZONING Multi-Family
    • Building Features
      • Basement Type Poured
      • Cooling System Ceiling Fan(s)
      • Exterior Construction Brick
      • Exterior Features Porch, Satellite Dish
      • FUEL TYPE Electric
      • Foundation Type Slab
      • Interior Features Cable/Internet Avail., DSL Available
      • Heating System Baseboard, Electric Heat
    • Property Features
      • Sewer Septic Public At Street, Public Sanitary
      • Roads Paved Street
      • Lot Size 429x101
      • PARKING Unassigned/General
      • Water Public Water
    • Schools
      • School District Flint City School District

    Neighborhood

    48507 (Flint) Demographics

    38 Median Age
    1,468 Population Density (per sq. mile)
    24% College Educated
    $38,231 Estimated Median Income
    7,871 Estimated Total Home Owners
    5,804 Estimated Total Renters
    58% / 42% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    30,884 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $91,000 Median Sales Price
    24 Homes Sold
    70 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        3/4/2022 3:00:00 AM Sold Source: Multiple Listing Service New Value: $650,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.