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Updated about 11 years ago on . Most recent reply

User Stats

106
Posts
38
Votes
Scott McMahan
  • Flint, MI
38
Votes |
106
Posts

2 Houses and Duplex all Adjacent Fully Rented Turn Key $70K for all

Scott McMahan
  • Flint, MI
Posted

Quiet cul-de-sac street with friendly neighbors near Genesee Valley Mall and Swartz Creek in Flint Township. Lots of jobs nearby. Units have been very easy to fill with multiple qualified applicants for each vacancy.

Three adjacent parcels with 2 houses and a duplex. Houses build mid 1950s, duplex built late 70s. All units are 2/1, 630-700sf each. 

Now fully rented for $2105/month gross. Rent includes water and summer yard maintenance ($70 total per month). Tenants responsible for gas and electric.

Previous owner replaced roofs on all units and most of the windows in the last 5 years. I've replaced the water treatment system (one well services all units), one water heater (others drained, tested, and treated), 2 kitchens' appliances (reconditioned), 2 bathrooms, some subflooring, lots of misc, and paint and carpet. There is no further deferred maintenance that I am aware of, so this is a turn key sale. 

Great tenants - I inherited a "lifer" who has been there 12 years, pays $550/mo, and never wants to leave. The other three tenants were the most qualified and stable of the applicants I received and are on 13 month leases. The most recent one moves in 7/5. 

Great opportunity for $70,000 for all three. Cash sale or conventional/commercial financing available. Bank introductions available upon request.

Seller is licensed agent.

Call or private message me with questions: 248-904-8727.

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