5201 N Dort Hiwy
Flint, MI 48505
$299,000
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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.

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Property Details
Status: Sold
Listing Date 03/13/2019
Sale Date: 01/31/2020
County: Genesee
Acreage: 2.55
Lot Dimensions: IRREGULAR
School District: Flint
Number of Units: 24
Style: Other
Year Built: 1960
Possession: At Close
Total Finished SqFt: 24,500
Above Grade Finished SqFt 24,500
 
Heating: Forced Air, LP Gas/Propane
 
Listing Office: Gri Homes For Today
Office Address: 44725 Grand River Ave Ste 102
Listing Number: 219021625
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