MLS # 20261038496 (Realcomp)

Investor Opportunity – Value-Add Rental with Immediate Cash Flow PotentialExcellent opportunity for investors, landlords, and rehabbers seeking a value-add property with significant upside potential. This tenant-occupied home offers the ability to acquire an income-producing asset while implementing a strategic renovation plan to maximize future value. The property requires exterior and interior improvements including roof replacement, cosmetic updates, paint, deferred maintenance, and general rehabilitation, making it an ideal candidate for a fix-and-flip, BRRRR strategy, or long-term rental portfolio addition.Located in an established Flint neighborhood with convenient access to major roadways, shopping centers, schools, restaurants, employment hubs, public transportation, and everyday amenities. Properties with utilities currently active provide a substantial advantage in the City of Flint, reducing buyer costs and avoiding delays often associated with utility restoration and municipal inspections.Strong rental demand in the area combined with attractive after-repair value potential creates an opportunity for investors looking to increase equity through renovations. Whether your strategy is to renovate and resell, refinance and hold, or expand an existing rental portfolio, this property offers flexibility and upside at an attractive entry point.Property is currently tenant occupied. DO NOT DISTURB TENANT. All showings are strictly by appointment only with a minimum of 24-hour advance notice required. Buyer to verify all information, measurements, condition, rental information, and perform their own due diligence. Property sold as-is, where-is, with no warranties expressed or implied.Novation: Buyer has equitable interest in the property and is marketing the property with the owner's authorization in order to locate a new buyer.
Source: SparkMLS
2-bedroom, 1-bath, 950 sq ft home in Flint in Flint built in 1917.
Closed at $15,000 (about $16/sq ft).
Annual property taxes run approximately $522 ($44/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
FLINT PARK ALLOTMENT LOT 506.
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Sonny Kaushik
Ikon Property Group
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
109 E Bishop Avenue, Flint, MI 48505
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Municipality
Flint
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