Last Sold Price
3 beds2,184 sqft$41/sqft
5519 Richfield Road, Flint, MI 48506

Description

Great investment opportunity on this 3-Plex located within the Kearsley school district. All 3 units currently occupied. Each unit features 1 bed / 1 full bath / Kitchen and Living area. Potential for a 4th unit on lower level just needs build out. Home has a basement for opportunity to put in coin-op laundry. Plenty of parking for all tenants and large back yard. Positive cash flow on this low maintenance property.Great investment opportunity on this 3-Plex located within the Kearsley school district. All 3 units currently occupied. Each unit features 1 bed / 1 full bath / Kitchen and Living area. Potential for a 4th unit on lower level just needs build out. Home has a basement for opportunity to put in coin-op laundry. Plenty of parking for all tenants and large back yard. Positive cash flow on this low maintenance property.
LISTING CLOSED: 12/04/2017 12:00 AM

  1. Listed by Ryan M Newman • Brokerage DRE #6505287237 • RE/MAX Select
    P: (810) 238-8888 C: (248) 240-3373 ryannewmansells@gmail.com

Property Details for 5519 Richfield Road

Status
MLS #
217090137
Days on Market
24
Taxes
$3,359 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1976
Lot Size
0.81 AC / 35,283 SF
Subdivision Name
DOWDALL ESTATES
Architectural Style
Quadruplex
Waterfront
No
Zoning Description
Commercial

Location

Listing Courtesy of RE/MAX Select

Sold By Real Estate One Professionals

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Building Information for 5519 Richfield Road

Stories-Residences3Year Built1976Building Size-Lot Size0.81 AC / 35,283 SF

Payment Calculator

$737 per month

30 year fixed, 6.55% Interest

Principal and Interest

$457

Property Taxes

$280

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5519 Richfield Road

Summary
Location and General Information
  • Directions: Between N Genesee Road and N Belsay Road on the North side of Richfield Road
  • Latitude: 43.055553
  • Longitude: -83.597473
  • Township: Genesee Genesee Twp
  • Cross Street: N of E Potter Road/W of N Belsay Road
  • MLS Area Major: Genesee Twp (25010)
Taxes and HOA
  • Parcel Number: 1135526002
  • Tax Amount Summer: $707.00
  • Tax Amount Winter: $2,652.00
  • Tax Annual Amount: $3,359.00
  • Tax Legal Description: LOT 2 DOWDALL ESTATES
  • Tax Other Annual Assessment Description: 156.2
School Information
  • High School District: Kearsley
Parking
  • Parking Features: Paved
Property
Lot Information
  • Frontage Length: 127.0
  • Lot Size Acres: 0.81
  • Lot Size Area: 0.81
  • Lot Size Dimensions: 127x293x136x248
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Feet: 127
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Living Area: 2184.0
  • Building Area Total: 2184.0
  • Above Grade Finished Area: 2184.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 800.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Year Built: 1976
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Two
  • Roof: Asphalt
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Well
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 3.0
  • Appliances: Gas Water Heater
  • Basement: Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Cooling: Ceiling Fans, Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Water Heater Fuel: Natural Gas
  • UnitOneBedNumberOf: 3
Multi Family
Multi Family Information
  • Number of Units Leased: 3
  • Number of Units Total: 3
  • Unit Records: 1
Income & Expenses
  • Gross Scheduled Income: $20,400.00
  • Net Operating Income: $20,400.00
Unit Information
Unit 1
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Type: One Bedroom
  • Total Units: 3.0
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $1,700.00

Property History for 5519 Richfield Road

DateEvent & SourcePriceAppreciation
Dec 4, 2017

Sold (Public Record)

Public Record #611345614

$90,000

+8.2% / yr

Dec 4, 2017

Sold

Realcomp #217090137

$90,000
Dec 4, 2017

Sold

MiRealSource #21376845

$90,000
DateEvent & SourcePrice
12/04/2017

Sold (Public Record)

Public Record #611345614

$90,000

+8.2% / yr

12/04/2017

Sold

Realcomp #217090137

$90,000
12/04/2017

Sold

MiRealSource #21376845

$90,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5519 Richfield Road

Taxable ValueLand-Additions-Total-
Tax Record2024$5,278 ($440 / month)
Home Facts
Total Finished SqFt2,184 SqFtAbove Grade Finished SqFt2,184 SqFtStories2Lot Size35,109 SqFtStyleMiscellaneous CommercialYear Built1976ZoningC-2 HWY COMMCountyGENESEEAPN11-35-526-002

Schools near 5519 Richfield Road

This home is within Kearsley Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - K to 5
Public - 4 to 6
Public - 6 to 8
Rating
School
Distance
Weston Elementary School
PublicPK to 1

Kate Dowdall Elementary School
PublicK to 5

Leota Fiedler Elementary School
Public4 to 6

Armstrong Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Select

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