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3211 N FRANKLIN AVE Flint, MI 48506
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Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $34
Subdivision Motor Heights Second Sub
MLS Listing ID 2210001452
Sold Date 04/08/21
Style Other
Bedrooms 14
Full Baths 14
Half Baths 14
Originating Board Realcomp II Ltd
Year Built 1970
Annual Tax Amount $6,446
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 220.00X64.00
Property Description
**BACK ON THE MARKET,***Fully occupied, easy-to-rent, 14 unit apartment building. Tenants pay all utilities after new in unit water meters installed in 2020, new gutters and downspouts installed in 2018, several units have all new appliances. Property management in place, or bring your own. Current NOI $44,316.00 with a cap rate of 16.7%. Room to increase rents to market and boost cap rate to 18%. Coin operated laundry brings in roughly $200/month. Offers encouraged. Please do not disturb tenants, contact the listing agent to schedule showings.
Location
State MI
County Genesee
Area Flint
Zoning Multi-Family
Direction Apartment Bldg On NW Corner Of Montana & Franklin
Interior
Heating Baseboard
Heat Source Electric
Exterior
Pool No
Road Frontage Paved
Building
Foundation Slab
Sewer Separate Meters
Water Municipal Water
Architectural Style Other
Level or Stories 1 Story
Structure Type Brick,Vinyl
Schools
School District Flint
Others
Pets Allowed No
Tax ID 4105133038
Ownership Private Owned,Short Sale - No
Assessment Amount $100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Brookstone, Realtors LLC
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