Flint, MI 48505,5201 N Dort Highway
Flint, MI 48505,5201 N Dort Highway
Flint, MI 48505,5201 N Dort Highway
13
$275,000
$299,000
8.0%
Est.Price: ?

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24 BA
24,500 SqFt

5201 N Dort Highway Flint, MI 48505

Est. payment /mo
SOLD DATE : 01/31/2020

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Key Details

Sold Price $275,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 24,500 sqft

Price per Sqft $11

Subdivision Mi

MLS Listing ID 21581006

Sold Date 01/31/20

Style 1 Story

Full Baths 24

Year Built 1960

Annual Tax Amount $5,914

Lot Size 2.550 Acres

Acres 2.55

Lot Dimensions IRREGULAR

Property Description

46 Site Mobile Home Park with Significant Upside All Park Owned homes 2.55 Acre Site 2.56 Acres Excess Land for Future Development. Market Lot Rents Upside with Vacant Lots and Existing Homes City Sewer & Water Flint is a dense and diverse community with a solid base of population in the manufacturing industry and is the largest city and seat of Genesee County. The property is truly a forgotten remnant surrounded an established market. The location is centralized and accessible to multiple highways and just north of downtown Flint. The opportunity stems from the low occupancy and previous lack of investment. Proper management and improvements will increase the occupancy and can position the average lot rent closer to market. The financial scenario indicates a significant return with conservative projections on growth. Minimal investment is required to reengage the project with multiple additional possible improvements to increase value and revenue.

Location

State MI

County Genesee

Area Flint (25023)

Zoning Industrial

Rooms

Basement Poured

Interior

Heating Forced Air

Exterior

Exterior Feature Vinyl Siding

Building

Story 1 Story

Foundation Slab

Water Public Water

Structure Type Vinyl Siding

Schools

School District Flint City School District

Others

Ownership Private

Energy Description LP/Propane Gas

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by GRI Homes For Today
Bought with LPS

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David Wietecha

Agent | License ID: 6501453131

+1(586) 722-6737

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