This tract ranch in Flint is listed for $34,900, less than half of its current Zillow.com estimated value of $74,500. Its previous owner paid $68,000 for it a few years ago (3/29/2005).Although much of Flint is quite blighted, there are lots of nicer areas where there is still demand for housing. This REO is in an area that is well-maintained and stable, so it could be a decent property for an investor or an owner-occupant. With $5,000 or so of updating and minor renovation, this house could be ready for occupancy. This house could be rented for $500 to $650 per month, so it would deliver a nice little cash flow to an investor. If you’re seeking an REO deal in a decent area of Flint, check out this little ranch.
The basics...
Address: 3662 Providence Street, Flint, MI 48503
Current Listing Price: $34,900
PREVIOUS Sale Price: $68,000 (3/29/2005)
Size: 3 Bedrooms, 1 Bathroom; 923 square feet
Lot: .11 acres
http://www.realtor.com/realestate/flint-mi-48503-1101041082/
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