5201 N Dort Highway
Flint, MI 48505

Description

46 Site Mobile Home Park with Significant Upside All Park Owned homes 2.55 Acre Site 3.71 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.

Details

MLS#219021625
Sub-TypeResale
StatusActive
Year1960
Days On Site95

Features

SQ Feet24,500
Building(s)1

Market Activity 48505

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Area Information

StateMI
CountyGenesee
CityFlint
Zip Code48505
AreaFlint
Listing VS Median (in 48505)
Price:
$550,000
low | high
Med:
$26,450
100% of Average
SqFt:
24,500
low | high
Med:
450
100% of Average
$ / SqFt:
$22
low | high
Med:
$17
75.757575757576% of Average
On Site:
95
low | high
Med:
113.500000
83.700440528634% of Average
Listing Updated: 06/17/2019
MLS Number: 219021625
Listing Provided By:
Tjader Gerdom  of  GRI Homes For Today
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