121 S COURT Street Howell, MI 48843
MULTI_FAMILY - Colonial - Howell, MI
- Added:
- Jan 24, 2024
- Days on Market:
- 899
- Last Refresh:
- Jul 11 at 5:06 am
Property Features for 121 S COURT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 4
- Bathrooms
- 7
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Basement, Bathroom 6, Bathroom 5, Bedroom 2, Bathroom 7
- Standard status
- Active
- APN
- 1736307060
- Size
- 5,472 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- SEC 36, T3N R4E CITY OF HOWELL COWDRY'S ADDITION, S 50 FT OF W1/2 OF LOT 14 & S 50 FT OF LOT 15
- Tax Annual Amount
- 5922
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 7
- Building materials
- Vinyl
- Architectural style
- Colonial
Listing agent Aaren D Currie License #6502115284,PersonLicenseNumber (517) 546-9060
Listing office NextHome Statewide Real Estate 1285 S Michigan Ave, Howell, MI (517) 546-9060
Listing date Jan 24, 2024
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Historic multifamily apartment building in downtown Howell, built in 1920
- Remodeled interior while preserving historic character
- Forced‑air heating and vinyl construction materials
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.6k | $16.20 |
| − Vacancy | −$5.3k | −$0.97 |
| EGI | $83.3k | $15.23 |
| − OpEx | −$37.5k | −$6.85 |
| NOI | $45.8k | $8.38 |
