109 South Avenue, Mount Clemens, MI 48043
MULTI_FAMILY - Mount Clemens, MI
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 5:06 am
Property Features for 109 South Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 2
- Standard status
- Active
- APN
- 05-11-14-181-006
- Size
- 1,498 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4300
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Number of units
- 3
Listing agent James Fennell License #6501242077 (586) 996-1251
Listing office Berkshire Hathaway HomeServices Kee Realty NB 36622 Green St, Clinton Twp, MI (586) 315-5700
Listing date Jun 23, 2026
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied 3‑unit multifamily property with total monthly income of $2,205
- Unit layout: two 1‑bedroom units and one 2‑bedroom unit
- Each unit has its own entrance for added privacy
- Each unit has separate gas and electric meters
- Public water source; forced‑air heating
- Built in 1899
Overview
Located in Mount Clemens, Michigan, the building sits on a compact lot and presents a straightforward multifamily ownership or acquisition profile. The current setup is designed for tenants who prefer independent entry, while the separation of utilities further supports self-contained living arrangements.
For buyers, this property offers an immediately revenue-producing structure with a balanced mix of one-bedroom and two-bedroom layouts across three units. For tenants, the individual entrances and separate metering provide a more self-directed living experience without shared utility responsibilities. The combination of unit mix, independent access, and separate gas/electric meters makes the building a practical fit for owner-operators and investors seeking a manageable multifamily asset.
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 | $24.3k | $16.20 |
| − Vacancy | −$1.6k | −$1.08 |
| EGI | $22.7k | $15.12 |
| − OpEx | −$6.8k | −$4.54 |
| NOI | $15.9k | $10.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mount Clemens
- County
- Macomb
- State
- Michigan
- Longitude
- -82.882195
- Latitude
- 42.592485
