Two-Unit Flat with Income
For Sale
$39,900
1024 Ossington Ave, Flint, MI 48507
Two-family flat with income potential in need of TLC.
Property Size1,152 SF
Days on Market129
Property Features for 1024 Ossington Ave
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,175
Building Details
Building Size
1,152 SF
Year Built
1928
Units
2
Listing Agency:
Metro Plus Realty, LLC
(248) 762-0806
Listed By:
Roy Frank · License #242082
(248) 762-0806
Source:
Elliman
Added: Apr 24
Changed: Aug 21
Last Checked: Aug 29 at 12:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro Plus Realty, LLC
Investment Insights
Based on property information with market context.
This two-family flat features two 2-bedroom apartments, each with separate entrances and access to the basement. The basement is set up for an efficiency apartment. The property requires some TLC but is not in need of major rehabilitation. The upstairs unit is currently rented month to month for $500 per month, but could potentially rent for $800 per month. The lower unit could potentially rent for $800 or more. The garage has a steel roof and 220 amp service; the garage bay door requires repairs. The building has one furnace and one hot water heater with shared utilities. The location has a bike score of 43, indicating it is somewhat bikeable, a walk score of 53, indicating it is somewhat walkable, and a transit score of 49, indicating some transit options are available. This property offers an opportunity for immediate cash flow.
Key Highlights
- Immediate cash flow potential with two rentable units and a basement efficiency setup.
- Two 2‑bedroom apartments with separate entrances and basement access.
- Potential to increase rental income; upstairs unit currently rented at a discounted rate of $500/month but could rent for $800/month, lower unit could rent for $800+/month.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 48507, MI
30,149
Population
13,923
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
22.1 sq mi
ZIP Area
1,364
Density / Sq Mi
$47,165
Median Household Income
$31,346
Median Earnings
$923
Median Rent
$101,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family flat with income potential in need of TLC.
Where is this duplex located?
The property is located at 1024 Ossington Ave Flint, MI.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: Immediate cash flow potential with two rentable units and a basement efficiency setup.; Two 2‑bedroom apartments with separate entrances and basement access.; Potential to increase rental income; upstairs unit currently rented at a discounted rate of $500/month but could rent for $800/month, lower unit could rent for $800+/month.
