3807-17 LIPPINCOTT $799,900

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    3807-17 LIPPINCOTT Flint, MI 48507

    • 0 Beds
    • 9 Baths
    • 18,000 sq. ft.
    • Multi-Family
    • MLS# 40165206
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    Views: 165 Days On Site: 226

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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. 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! MULTIPLE OFFERS-DEADLINE TO PRESENT ALL AND CHOOSE HIGH/BEST AT 11/3/21 3:30PM PLEASE BE DISCREET-TENANTS ARE NOT AWARE OF SALE-FEEL FREE TO DRIVE/WALK PROPERTY

    • General Features
      • Acreage 0.98
      • Area Municipality Flint (25023)
      • COMMUNITY AMENITIES Laundry Facility,Some Pet Restrictions,Private Entry
      • 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
      • Cooling System Ceiling Fan(s)
      • Exterior Construction Brick
      • Exterior Features Porch, Satellite Dish
      • Foundation Type Slab
      • FUEL TYPE Electric
      • Heating System Baseboard, Electric Heat
      • Interior Features Cable/Internet Avail.
    • 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

    Contact

    Dawn Swadling

    Dawn Swadling

    Realtor

    RE/MAX Right Choice

    Direct: 810-691-2859

    Neighborhood

    48507 (Flint) Demographics

    38 Median Age
    1,462 Population Density (per sq. mile)
    25% College Educated
    $36,260 Estimated Median Income
    7,804 Estimated Total Home Owners
    5,416 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    30,760 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $112,000 Median Sales Price
    39 Homes Sold
    35 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $799,900
        11/4/2021 8:50:40 PM Status Changed Source: Multiple Listing Service New Value: Pending
        11/1/2021 5:20:48 PM Status Changed Source: Multiple Listing Service New Value: Active
        8/11/2021 9:05:19 PM Status Changed Source: Multiple Listing Service New Value: Pending
        6/16/2021 8:50:22 PM Status Changed Source: Multiple Listing Service New Value: Accepting Backup Offers
        6/2/2021 11:50:17 AM Status Changed Source: Multiple Listing Service New Value: Active
        4/20/2021 1:36:00 PM New in Database Source: Multiple Listing Service New Value: $799,900

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        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. 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.