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$50,000   Price Analysis
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1229 Lyon St
Flint, MI 48503
4 bed 3 bath 2,664 SqFt ($18/SqFt)
3,920SqFt lot. Built 1919
Listed 2024-05-21, Taxes $389
Ⓧ USDA Ineligible
due to location

near Flint

Great investment opportunity.

* Sale Pending *

Located in a quiet neighborhood on a corner lot with close proximity to downtown Flnt and Hurley hospital. Investors sp ecial. Two units are currently tenant occupied. This triplex home offers three units; 1 bedroom and 1 bath in one unit and 2 bedrooms and 1 bath in the second unit. The third unit is waiting to be finished into a potential 2 bedroom, one bath with a working shower, toilet, bath vanity, utility sink and attached garage.

Current updates include roof repair, exterior/ interior paint and fresh carpet, brand new control panel and meter upgraded to a 200 panel. Call for a private showing and to hear more about net operating income. Property is sold as is. There is one furnace and ac unit. Utilities are not splitable currently. 650-700 sq. ft units. 1st floor is unoccupied but is plumbed and vented needs drywalled and designed. 1200 taxes for the year.


Presented by Austin Adams at
EXP Realty - Fenton.


Property MLS #20240034817 from Realcomp

Bedrooms: 4

Total Bathrooms: 3.00
Full Bathrooms: 3

Cooling Features: Cooling: Ceiling Fan(s)
Heating Features: Forced Air
Heating Fuel: Natural Gas

Lot Size Acres: 0.09
Lot Size Dimensions: 44.00 x 85.00
Lot Size Square Feet: 3920

Road Frontage Type: Paved

Gross Scheduled Income: 17280.00
Rent Includes: Yard Maintenance

Number of Units: 3
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 1

School District: Flint

Doyle/Ryder School is a public elementary school located approximately 0.5 miles away.
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Northwestern High School is a public high school located approximately 3.6 miles away.
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Lion of Judah Temple of H.E. is a private elementary, middle and high school located approximately 1 miles away.
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WAY Academy-Flint is a public middle and high school located approximately 1.1 miles away.
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Pets Allowed: Call

ActivationDate : 2024-05-21
Annual Tax Amount: 754
Source Listing Status: Pending
County: Genesee
Directions: please utilize cell phone for directions.
Source Property Type: Multifamily
Area: Flint
Source Neighborhood: MCFARLAN & CO.'S WESTERN ADD
Ownership Type: Short Sale - No, Private Owned
Parcel Number: 4012253024
Postal Code Plus 4: 1322
Subdivision: MCFARLAN & CO.'S WESTERN ADD
Zoning: Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$4,400
$389
2021$unknown + $unknown
$4,300
$411
2020$unknown + $unknown
$4,300
$169
2019$unknown + $unknown
$4,200
$175
2018$unknown + $unknown
$2,700
$135
2017$unknown + $unknown
$1,100
$133
2016$unknown + $unknown
$1,100
$132
2015$unknown + $unknown
$900
$132
2014$unknown + $unknown
$900
$131
2013$unknown + $unknown
$900
$128
2012$unknown + $unknown
$900
$125
2011$unknown + $unknown
$900
$54
2010$unknown + $unknown
$900
$56
2009$unknown + $unknown
$900
$50
2008$unknown + $unknown
$900
$45
2007$unknown + $unknown
$800
$44

Price Changed 2024-07-12
$50,000
Realcomp
Relisted 2024-06-29
$60,000
Realcomp
Listing removed 2024-06-25
$0
Realcomp
Price Changed 2024-06-07
$60,000
Realcomp
Listed 2024-05-21
$80,000
Realcomp
Sold 2023-05-05
$35,000
ECAR
Price Changed 2023-01-30
$34,500
ECAR
Price Changed 2022-11-13
$40,000
ECAR
Listed 2022-10-23
$33,000
ECAR
Sold 2022-03-23
$13,750
Realcomp
Price Changed 2022-02-03
$18,000
Realcomp
Price Changed 2022-01-20
$19,900
Realcomp
Listed 2022-01-11
$24,900
Realcomp

Operating Expense: 6000.00

Total Square Feet Living: 2664
Year Built: 1919
Construction Materials: Wood
Foundation Details: Crawl
Property Age: 105
Levels or Stories: 2 Story
House Style: 2 Story
Total Area Sqft: 2664
Architectural Style: Colonial

Sewer: Public Sewer (Sewer-Sanitary)
Water Source: Public (Municipal)
Click Thumbnail Images To View Full Size
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unknowndining_roomkitchenlaundry_room

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.