Flint, MI 48507,3807-17 LIPPINCOTT
Flint, MI 48507,3807-17 LIPPINCOTT
Flint, MI 48507,3807-17 LIPPINCOTT
Flint, MI 48507,3807-17 LIPPINCOTT
Flint, MI 48507,3807-17 LIPPINCOTT
Flint, MI 48507,3807-17 LIPPINCOTT
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$899,900

$899,900

Est.Price: ?

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Est. payment /mo

33 Beds

36 Baths

18,000 SqFt


SOLD DATE : 04/06/2021

Key Details

Sold Price $899,900

Property Type Multi-Family

Sub Type Duplex,Ranch

Listing Status Sold

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $49

Subdivision Evergreen Park No 1

MLS Listing ID 2210009100

Sold Date 04/06/21

Style Duplex,Ranch

Bedrooms 33

Full Baths 36

Originating Board Realcomp II Ltd

Year Built 1972

Annual Tax Amount $10,434

Lot Size 0.980 Acres

Acres 0.98

Lot Dimensions 429x101

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

Location

State MI

County Genesee

Area Flint

Zoning Multi-Family

Direction WEST OF CENTER RD SOUTH SIDE OF LIPPINCOTT

Interior

Interior Features Cable Available, High Spd Internet Avail, Laundry Facility

Hot Water Electric, Separate Meters

Heating Baseboard

Cooling Ceiling Fan(s), Separate Meter

Heat Source Electric

Exterior

Exterior Feature Outside Lighting, Private Entry, Satellite Dish

Garage Spaces 53.0

Pool No

Roof Type Asphalt

Accessibility Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Common Area, Interior Disabled Facilities

Porch Porch

Road Frontage Paved

Building

Foundation Slab

Sewer Sewer at Street, Sewer-Sanitary

Water Municipal Water

Architectural Style Duplex, Ranch

Level or Stories 1 Story

Structure Type Brick

Schools

School District Flint

Others

Pets Allowed Yes

Tax ID 4116482014

Ownership Private Owned,Short Sale - No

Acceptable Financing Cash, Conventional, FHA, FHA 203K, Warranty Deed

Rebuilt Year 2018

Listing Terms Cash, Conventional, FHA, FHA 203K, Warranty Deed

Financing Cash,Conventional,FHA,FHA 203K,Warranty Deed

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Realcomp MLS
Listed by First Michigan Realty Corp
Bought with First Michigan Realty Corp
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