MLS LISTING ONLY - PLEASE CONTACT NEW EARTH RECOVERY HOUSING LLC Investment opportunity! Well-maintained triplex in a desirable location near universities, the public library, farmers market, cultural center, museum, shopping, dining, and major expressways. This fully leased, income-producing property features two 1-bedroom units and one spacious 3-bedroom unit with 100% occupancy and established rental income. Current monthly rental income is $2,950, totaling $35,400 annually. Below-market rents offer excellent potential for future income growth. Recent capital improvements include all-new windows, updated plumbing, rebuilt decks and staircases, and numerous additional updates. Each unit features newer carpeting, updated bathrooms, generous living spaces, abundant natural light, and functional layouts. Tenants also enjoy private outdoor space, a spacious yard, and a large paved parking area with ample off-street parking. City Certificate of Compliance CR2500427. Whether expanding your portfolio or beginning your multifamily investment journey, this turnkey property offers immediate cash flow with value-add potential. Showings by appointment only. Please do not disturb tenants.
| MLS # | 61018657 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1898 |
| Days On Site | 21 |
| Listing Provided By | Full Circle Real Estate Group LLC | Peyton Beckham |
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 2,813 |
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Zoning | Residential |
| Acreage | 0.13 |
| Heating Yes / No | Yes |
|---|---|
| Heating | Baseboard |
| Appliances | Gas Water Heater |
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement |
| List Aor | Real Comp |
|---|
| Property | 5046 |
|---|
| State | MI |
|---|---|
| County | Genesee |
| City | Flint |
| Zip Code | 48503 |
| Area | Flint (25023) |
| Community Name | Village Of Flint River |
| Listing VS Median (in Village Of Flint River) | |
Price: $189,999 low | high Med: $257,000 sqft: 2,813 low | high Med: 2,900 $ / sqft: $68 low | high Med: $88 On site: 21 low | high Med: 35.5 | |
| State | MI |
|---|---|
| County | Genesee |
| City | Flint |
| Zip Code | 48503 |
| Area | Flint (25023) |
| Community Name | Village Of Flint River |
| Listing VS Median (in Village Of Flint River) | |
Price: $189,999 low | high Med: $257,000 sqft: 2,813 low | high Med: 2,900 $ / sqft: $68 low | high Med: $88 On site: 21 low | high Med: 35.5 | |
![]() | $189,999612 E 3rd StreetFlint, MI 48503 |