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    1261 W GRAND BLANC Road Grand Blanc, MI 48439

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    Pending
    $229,900

    MULTI_FAMILY - Colonial - Mundy Twp, MI

    Property size:
    1,400 SF
    Lot size:
    0.50 Acres
    Added:
    Jan 26, 2025
    Days on Market:
    448
    Last Refresh:
    Apr 19 at 12:06 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, Bathroom 1, Bedroom 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
    0.50 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

    We can help!

    Listing Contact
    Robert C Sprader

    Listing agent Robert C Sprader License #6501259834

    Listing office KW Showcase Realty 2730 Union Lake Road, commerce Township, MI

    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.

    Overview

    Mundy Twp Duplex For Sale

    This multi-family duplex is located in Grand Blanc and offers convenient expressway access. The property features two units, each with private entrances. The first-floor unit includes a large one-bedroom, one full and one-half bathroom, a living room, a dining room, a kitchen, and a basement with a washer and dryer. The second-floor unit features one bedroom, an updated bathroom, a living room, and a kitchen. Both units are equipped with newer gas-forced air furnaces for heating. The property includes an oversized 2.5-car garage and sits on a 1/2-acre lot, providing parking and outdoor space for tenants. The property 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 located in Mundy Twp, MI 48439, Genesee County and has a property size of 1400 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Dental Office Hair Salon Nail Salon Auto Repair Shop Accounting Firm Auto Parts Store Department Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Blanc
    County
    Genesee
    State
    Michigan
    Longitude
    -83.700793
    Latitude
    42.9146397

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    FAQs

    What type of property is this?
    Duplex - Multi-family duplex in Grand Blanc with long-term tenants.
    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, suitable for multi‑family living or rental income.; Desirable Grand Blanc location with convenient expressway access.
    (248) 406-2921
    We can help!
    Listing Contact
    Robert C Sprader
    Real Estate License ID: 6501259834
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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