STRONG Investment Property w/ Potential 18% Return!
1147 W Downey Ave. Mount Morris Twp, MI 48505
2b/1ba ranch with convertible 3rd bedroom on the main level. House needs minor cosmetic rehab but all mechanicals are working as well as having a strong foundation. The property sits on 3 lots with a spacious backyard completely fenced in and private. It comes with a 2 car garage for storage, large dry basement, above ground pool, forced air and central heat. Property taxes are under $500 annually. Find a renter for $795/mo and generate an 18% return on this investment.
Sold for $8,000 on 08/22/24
$8,000
1147 W Downey Ave, Flint, MI 48505
2beds
905sqft
Single Family Residence
Built in 1952
-- sqft lot
$-- Zestimate®
$9/sqft
$920 Estimated rent
Home value
Not available
Estimated sales range
Not available
$920/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 12 hours ago
Listing updated: October 25, 2024 at 11:51am
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Cooling
- Air Conditioner, Ceiling Fan
Appliances
- Included: Dishwasher
Features
- Ceiling Fan(s)
Interior area
- Total interior livable area: 905 sqft
Property
Parking
- Details: Contact manager
Features
- Exterior features: Courtyard
Details
- Parcel number: 1424578143
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1952
Community & neighborhood
Security
- Security features: Gated Community
Location
- Region: Flint
HOA & financial
Other fees
- Deposit fee: $0
Other
Other facts
- Available date: 10/14/2024
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2024 | Listing removed | $44,900$50/sqft |
Source: Zillow Rentals | ||
| 10/14/2024 | Listed for rent | $44,900$50/sqft |
Source: Zillow Rentals | ||
| 8/22/2024 | Sold | $8,000-82.2%$9/sqft |
Source: Public Record | ||
| 8/20/2024 | Listed for sale | $44,900$50/sqft |
Source:  Realcomp II #20240061943 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $460 | $18,500 +17.1% |
| 2023 | -- | $15,800 +16.2% |
| 2022 | -- | $13,600 +20.4% |
Find assessor info on the county website
Neighborhood: 48505
Nearby schools
GreatSchools rating
- 4/10Dailey Elementary SchoolGrades: PK-7Distance: 1.4 mi
- 3/10Beecher High SchoolGrades: 7-12Distance: 1.6 mi