5201 N Dort Hiwy

    Flint, MI 48505
    • $550,000
    • STATUS: Active
    • ON SITE: 2 days
    • MLS #: R219021625
    New On Site 2 Days Ago
    UPDATED: 34 min ago
    $550,000
    • 0
      BEDS
    • 2.55
      ACRES
    • 2
      BATHS
    • 4
      1/2 BATHS
    • 24,500
      SQFT
    • $22
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    School District:

    Description

    46 Site Mobile Home Park with Significant UpsideAll Park Owned homes 2.55 Acre Site 3.71 Acres Excess Land for Future Development.Market Lot RentsUpside with Vacant Lots and Existing HomesCity 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.

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    © 2019 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Toth Team - Keller Williams Ann Arbor Market Center. Data last updated: 2019-03-18T13:11:41.91.
    www.homesearchannarbor.com/homes/92735378

    5201 N Dort Hiwy Flint, MI 48505

    • Price: $550,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: R219021625
    0
    Beds
    2
    Baths
    4
    ½ Baths
    2.55
    Acres
    24,500
    SQFT
    $22
    $/SQFT
    1960
    Built
    Neighborhood:
    Glr Out Of Area
    County:
    Genesee
    Area:
    Glr Out Of Area
    School District:
    Flint
    Property Description
    46 Site Mobile Home Park with Significant UpsideAll Park Owned homes 2.55 Acre Site 3.71 Acres Excess Land for Future Development.Market Lot RentsUpside with Vacant Lots and Existing HomesCity 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.
    Exterior Features

    Foundation Slab Lot Dimensions Irregular Parking Spaces 0

    Interior Features

    Basement No Num Efficiencies 0 Num One Bed Units 0 Num Three Bed Units 0 Num Two Bed Units 0 Sq Ft Finished Above Grade 24500 Sq Ft Finished Below Grade 0 Sq Ft Total Finished 24500 Total Bedrooms 0

    Property Features

    Agreement Type Exclusive Rt To Sell Annual Rental Income Realcomp Annual Rental Income1 80400.00 Certified Year 0 City Or Township City Exp From Tax Return 0.00 Legal Description Unplatted. That Part Of Sw 1/4 Of Sw 1/4 Of Sec 29T8nR7eBounded On The West By The Ely Line Of Thetford Rd; On The N By Sl Misc Expenses 0.00 Ownership Private Owned Projected Or Actual Actual Square Footage Source Measured State Eq Value 0 State Eq Value Year 0 Summer Taxes 0.00 Summer Taxes Year 0 Tax Value 0 Tax Value Year 0 Tax Year 0 Taxes 5914.00 Winter Taxes 0.00 Winter Taxes Year 0 Zoning Industrial

    Listing provided courtesy of Gri Homes For Today.


    © 2019 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Toth Team - Keller Williams Ann Arbor Market Center. Data last updated: 2019-03-18T13:11:41.91.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104