Two-Unit Duplex with Attached
For Sale
$365,000
102-102 E Dill Dr, Dewitt, MI 48820
Two levels of living space include three bedrooms, four bathrooms, a deck, and a front porch.
Property Size2,488 SF
Price / SF$146.70
Days on Market11
Property Features for 102-102 E Dill Dr
General Information
Standard status
Active
Size
2,488 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
attached garage
deck
front porch
Building Details
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Professionals-E.L.
(517) 332-5100
Listed By:
Roger Saadeh · License #6501466630
(517) 410-4047
Source:
Exprealty
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 21 at 2:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Professionals-E.L.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 2,488 square feet across two levels, with three bedrooms, two full bathrooms, and two half bathrooms. The property also includes an attached garage, a deck, and a front porch.
The building is in DeWitt, near downtown, shopping, dining, and local amenities. Showings require 24 hours’ notice.
The building is in DeWitt, near downtown, shopping, dining, and local amenities. Showings require 24 hours’ notice.
Key Highlights
- 2,488 square feet of living space across two levels
- Three bedrooms, two full bathrooms, and two half bathrooms
- Attached garage, deck, and front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,472
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,440
$449.4K
Cap Rate 7%
$321,029
$321.0K
Cap Rate 9%
$249,689
$249.7K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$34.3K $13.80/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$32.1K $12.90/SF
− OpEx
−$9.6K −$3.87/SF
NOI
$22.5K $9.03/SF
Area
Clinton County, MI
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,440
Cap Rate 7%
$321,029
Cap Rate 9%
$249,689
Alternative Uses
Best Use
Multifamily LT 5
$321.0K
$280.9K – $374.5K
NOI $22,472 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$288.3K
$252.2K – $336.3K
NOI $20,178 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$506.4K
$443.1K – $590.8K
NOI $35,449 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 48820, MI
17,944
Population
7,002
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
97%
High-School Grad
65.8 sq mi
ZIP Area
273
Density / Sq Mi
$106,651
Median Household Income
$60,611
Median Earnings
$1,098
Median Rent
$318,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two levels of living space include three bedrooms, four bathrooms, a deck, and a front porch.
Where is this duplex located?
The property is located at 102-102 E Dill Dr Dewitt, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,488 square feet of living space across two levels; Three bedrooms, two full bathrooms, and two half bathrooms; Attached garage, deck, and front porch
