318 W 2nd Street
Flint, MI 48502
Multi Family · MLS # 5050222482 · Listing courtesy of Elite Real Estate Professionals, Inc.
About this home
Welcome to the historic Bervean building! Built in 1921, you won't find a property with more character and charm. From beautiful crown molding and original hardwood floors, to updated paint and fixtures, this building truly is a blend of vintage charm and contemporary updates. While some of the vacant units will require some TLC to make rent-ready, it presents an excellent value-add opportunity for the right investor to renovate and increase its income potential. The property features 27 units, consisting primarily of one-bedroom apartments. Residents can also enjoy amenities including a shared laundry room, interior mail area, courtyard, and basement storage space. Located in downtown Flint, the Bervean Building places residents within close proximity to local restaurants, bars, entertainment, and nightlife. The property is also conveniently located near University of Michigan-Flint, Mott Community College, and Kettering University, making it an attractive location for students, professionals, and those looking to enjoy the convenience of downtown living. And quite literally topping off this incredible property: a new roof installed in 2025! A century of character, offering the opportunity to revitalize select units and unlock their full potential. Don't miss out on your chance to own a piece of Flint's history, schedule your showing today!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Flint
Over the last 90 days, 312 homes sold in Flint for a median of $98,950, about $74 per square foot, and the typical one went under contract in 17 days. This home is listed at $975,000, or $51 per square foot, 31% below the city median, and has been on the market 0 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Flint sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $18,534 a year. A buyer who lives here would pay about $25,769 a year once the taxable value resets after the sale, at the 2025 homestead rate of 52.34 mills for Flint City and Flint schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Flint
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