Duplex with Covered Front
10266 Hegel Rd, Goodrich, MI 48438
For Sale
New
$229,900
Two separate residences share basement laundry and storage, with individual entrances and off-street parking.
Property Size2,129 SF
Days on Market4
Property Features for 10266 Hegel Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry facilities
storage
covered porch
Building Details
Building Size
Year Built
Units
Listing Agency:
Atlas Real Estate
Listed By:
Jeffery Dawley · License #6502132748
(810) 869-3800
Source:
Elliman
Added: Nov 4
Last Checked: Nov 6 at 9:24AM
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 Atlas Real Estate
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Investment Insights
Based on property information with market context.
Built in 1924, this duplex contains two residences of approximately 1,000 square feet each. Both have two bedrooms, one bathroom, a kitchen and dining area, and a living room, with a private entrance for each unit. The property also features shared basement access with laundry and dedicated storage, a covered front porch, and off-street parking.
The building is in downtown Goodrich, with views of Mill Pond. Village dining, parks, the library, golf, and schools are within walking distance.
The building is in downtown Goodrich, with views of Mill Pond. Village dining, parks, the library, golf, and schools are within walking distance.
Key Highlights
- Two residences, each approximately 1,000 sq. ft., with 2 bedrooms and 1 bath
- Individual private entrances for both units
- Shared basement access includes laundry and dedicated storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,287
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,740
$365.7K
Cap Rate 7%
$261,243
$261.2K
Cap Rate 9%
$203,189
$203.2K
Market Conditions
NOI Build-Up for 2,129 SF
Gross rent
$27.6K $12.96/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$26.1K $12.27/SF
− OpEx
−$7.8K −$3.68/SF
NOI
$18.3K $8.59/SF
Area
Genesee County, MI
Vacancy
5.32%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,740
Cap Rate 7%
$261,243
Cap Rate 9%
$203,189
Alternative Uses
Best Use
Multifamily LT 5
$261.2K
$228.6K – $304.8K
NOI $18,287 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$233.1K
$203.9K – $271.9K
NOI $16,315 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$448.0K
$392.0K – $522.7K
NOI $31,360 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
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Business Placement
Demographics for 48438, MI
7,074
Population
2,781
Households
2.5
Avg Household Size
44
Median Age
34%
College-Educated
98%
High-School Grad
31.9 sq mi
ZIP Area
222
Density / Sq Mi
$100,759
Median Household Income
$53,866
Median Earnings
$1,353
Median Rent
$309,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Genesee County, MI
Properties on Market for Duplexes in Genesee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share basement laundry and storage, with individual entrances and off-street parking.
Where is this duplex located?
The property is located at 10266 Hegel Rd Goodrich, 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: Two residences, each approximately 1,000 sq. ft., with 2 bedrooms and 1 bath; Individual private entrances for both units; Shared basement access includes laundry and dedicated storage areas
