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Flint, MI 48505
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Listed
Home details as listed · verify independently
117 E Gracelawn St, Flint, MI 48505
Assignment Price: $28,000
Property Type: Single Family
Bedrooms/Baths: 2 / 1
+ basement
Occupancy: Vacant
Estimated Rehab: $50000
Paint
Flooring
Cleanup/Trash Out
Updates throughout
Rent Estimate: $850-$900/month
Investor Notes:
Solid rental opportunity with moderate-heavy rehab. Property appears best suited for a buy-and-hold investor seeking cash flow. Seller has agreed to have approximately $2,187 in back taxes deducted from proceeds at closing.
Closing through title company. Assignment available.
Photos:
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Commission
Commission Offered
This opportunity in Flint, MI is offered at an asking price of $28,000 as shown on the card. After repair value (ARV) is shown as about $75,000, which implies a gross spread of roughly 62.7 percent off ARV if you use the list price and this ARV as-is. Treat that as a first-pass screen, not a comp confirmation. The property is described with 2 bedrooms, 1 bathroom, 763 square feet. Tour or pull rent rolls if the asset is occupied so your rehab scope and lease assumptions match the real layout. Rehab is tagged as “heavy.” In practice, you should open walls and verify every major system, because tags rarely capture the full story on a wholesale lead. Occupancy is noted as “Vacant.” If anyone is in place, schedule access carefully, align showings with local rules, and underwrite for rental income or a formal vacancy path before you take assignment. The list is marked Wholesale—use that to frame exit math (flip spread, fee for wholesale, or long-term DSCR if the plan is a rental hold). The structure is represented around 1954; older vintages can hide lead, cast iron, and foundation work—budget a contingency. Verified seller contact is available on the listing, which speeds diligence once you are serious. Verify ARV, repair scope, access, and title with your own people before you rely on any line in this write-up. Nothing here is a guarantee of value or condition.
Timeline
Posted · Updated
Strategy: Wholesale