Zoned 201 - Commercial Improved
Flint, MI - Close (~1 mile) to UofM Flint, Mott CC and their ballfields, Kettering, parks, Sloan Museum, Flint Institute of Arts, Flint Farmers Market, the Expressway and MTA bus routes.
Property Details:
2 Story + Finished Basement
10 Bed (5 main + 5 up) + Efficiency in Basement (1 bed/kitchen/full bath)
INSTANT CASH FLOW
$63,000 GROSS INCOME ($450/main bedrooms, $500/upper bedrooms, $500 basement) + COIN W/D IN BASEMENT (currently 50/50 with WASH)
$17,611 EXPENSES
$45,389 NET INCOME($3,782/mo.)
Value add with rents,utilities(owner pays all currently)
HOUSE
4 Baths (2 full on main, 1 full up, 1 full basement)
2 Full Kitchens (1 on main, 1 up)
Large Parking Lot
2628 sq. ft. above ground
3000+ sq. ft. FINISHED ALL LEVELS (Separate entrance to basement unit)
Large open concept living area on main with fireplace
House updated and rehabbed after fire, rehabbed per city requirements w/inspections
Hardwired smoke alarms
Roof almost new (~2/3 yrs)
Mechanicals (electric, plumbing, 2 furnaces, hot water tank) work with no noted problems
Many newer windows
Solid foundation
Blink security camera system outside
PHOTOS:
https://drive.google.com/drive/folders/131AAk2rLS0Y5rflH4wFscU3DZvtG2Sk4?usp=sharing