Mundy Twp Duplex
1261 W GRAND BLANC Road, Grand Blanc, MI 48439
- Added:
- Jan 26, 2025
- Days on Market:
- 492
- Last Refresh:
- Jun 2 at 6:06 pm
Property Features for 1261 W GRAND BLANC Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family,Residential
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Basement
- Parking
- 2
- Pets allowed
- Cats OK
- Interior features
- High Spd Internet Avail, Laundry Facility
- Exterior features
- Lighting, Private Entry
- Standard status
- Pending
- APN
- 1524100004
- Size
- 1,400 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Description
- W 100 FT OF N 230 FT OF NE 1/4 SEC 24 T6N R6E (83) FR 1500050036
- Tax Annual Amount
- 3692
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1934
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl
- Architectural style
- Colonial
Listing agent Robert C Sprader License #6501259834 (248) 406-2921
Listing office KW Showcase Realty 2730 Union Lake Road, commerce Township, MI (248) 360-2900
Listing date Jan 26, 2025
MLS# 20250005617
Listing URL
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.
HighLights
- Stable income from long‑term tenants (18 years) with potential for rent increases.
- Two spacious units with private entrances, offering flexibility for tenants.
- Desirable Grand Blanc location with convenient expressway access and surrounded by new development.
- Generous 1/2‑acre lot with ample parking and outdoor space.
- Oversized 2.5‑car garage.
- Newer gas‑forced air furnaces for efficient heating in both units.
Overview
This multi-family duplex is located in Grand Blanc and offers convenient expressway access. The property features two spacious units, each with private entrances. The first-floor unit includes a large 1-bedroom, 1.1 baths, a bright living room, a dining room, a kitchen, and a basement with a washer and dryer. The second-floor unit features 1-bedroom, an updated bathroom, a living room, and a kitchen. Both units are equipped with newer gas-forced air furnaces for efficient heating. The property includes an oversized 2.5-car garage and sits on a 0.53-acre lot, offering ample parking and outdoor space. The duplex is surrounded by new development and has been maintained by the seller. Long-term tenants of 18 years provide a stable income, with the potential for rent increases. The property is zoned for multi-family and residential use and has a total size of 1400 square feet.
Local Financial Insights For Multifamily LT 5
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 | $18.1k | $12.96 |
| − Vacancy | −$965 | −$0.69 |
| EGI | $17.2k | $12.27 |
| − OpEx | −$5.2k | −$3.68 |
| NOI | $12.0k | $8.59 |
1,400 SF · lease $12.96/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$171.8K
$150.3K – $200.4K
NOI $12,025 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$153.3K
$134.1K – $178.8K
NOI $10,729 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$294.6K
$257.8K – $343.7K
NOI $20,622 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Grand Blanc
- County
- Genesee
- State
- Michigan
- Longitude
- -83.700793
- Latitude
- 42.9146397
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with long-term tenants on a generous lot.
Where is this duplex located?
The property is located at 1261 W GRAND BLANC Road Grand Blanc, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Stable income from long‑term tenants (18 years) with potential for rent increases.; Two spacious units with private entrances, offering flexibility for tenants.; Desirable Grand Blanc location with convenient expressway access and surrounded by new development.
