Duplex with Walkout
For Sale
$350,000
Pending
10268 Lake Forest Blvd, Brighton, MI 48116
Both apartments offer in-unit laundry and finished basement space.
Property Size1,906 SF
Days on Market55
Property Features for 10268 Lake Forest Blvd
General Information
Standard status
Pending
Size
1,906 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,935
Amenities
in-unit laundry
walkout basement with finished space
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Town & Country
Listed By:
Alexis Clock
(810) 227-1111
Source:
Exprealty
Added: Sep 5
Changed: Oct 27
Last Checked: Oct 28 at 11:11AM
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 Town & Country
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 two matching apartments, each with two bedrooms, one bathroom, in-unit laundry, and a walkout basement with finished space. The roof was replaced in 2023, and additional improvements have been made during ownership.
Tenants pay their own utilities. The landlord handles trash service and lawn maintenance.
Tenants pay their own utilities. The landlord handles trash service and lawn maintenance.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Walkout basement with finished space in each unit
- In‑unit laundry in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,362
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,240
$347.2K
Cap Rate 7%
$248,029
$248.0K
Cap Rate 9%
$192,911
$192.9K
Market Conditions
NOI Build-Up for 1,906 SF
Gross rent
$26.3K $13.80/SF
− Vacancy
−$1.5K −$0.79/SF
EGI
$24.8K $13.01/SF
− OpEx
−$7.4K −$3.90/SF
NOI
$17.4K $9.11/SF
Area
Livingston County, MI
Vacancy
5.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,240
Cap Rate 7%
$248,029
Cap Rate 9%
$192,911
Alternative Uses
Best Use
Multifamily LT 5
$248.0K
$217.0K – $289.4K
NOI $17,362 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,964 @ 7.0% cap · market cap 4.56%
Theoretical Best
Healthcare Medical
$303.6K
$265.7K – $354.2K
NOI $21,252 @ 7.0% cap · market cap 6.07%
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
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 48116, MI
26,942
Population
12,230
Households
2.2
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
36.9 sq mi
ZIP Area
730
Density / Sq Mi
$109,606
Median Household Income
$59,173
Median Earnings
$1,229
Median Rent
$355,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments offer in-unit laundry and finished basement space.
Where is this duplex located?
The property is located at 10268 Lake Forest Blvd Brighton, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Walkout basement with finished space in each unit; In‑unit laundry in both apartments
