Duplex with Finished Walkout
New
For Sale
$375,000
11282 Lake Forest Dr, Pinckney, MI 48169
Both residences include in-unit laundry and finished space below grade.
Property Size1,906 SF
Days on Market6
Property Features for 11282 Lake Forest Dr
General Information
Standard status
Active
Size
1,906 SF
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,005
Amenities
in-unit laundry
walkout basements with finished space
Building Details
Building Size
1,906 SF
Year Built
1985
Buildings
1
Units
2
Listed By:
Alexis Clock
(810) 227-1111
Source:
Elliman
Added: Oct 7
Last Checked: Oct 11 at 6:53AM
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 Alexis Clock
Investment Insights
Based on property information with market context.
This 1985 duplex contains two matching residences, each with 2 bedrooms, 1 bathroom, in-unit laundry, and a walkout basement with finished space. A roof replacement was completed in 2023, and additional improvements have been made during ownership.
The property is at 11282 Lake Forest Dr in Hamburg Township, Michigan. Tenants pay their own utility costs; trash service and lawn care are handled by the landlord. Two matching buildings are also available for purchase, according to the property information.
The property is at 11282 Lake Forest Dr in Hamburg Township, Michigan. Tenants pay their own utility costs; trash service and lawn care are handled by the landlord. Two matching buildings are also available for purchase, according to the property information.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Each unit has in‑unit laundry and a walkout basement with finished space
- Roof replaced in 2023; additional improvements made during ownership
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,362
Cap Rate
4.63%
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 4.63%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,964 @ 7.0% cap · market cap 4.26%
Theoretical Best
Healthcare Medical
$303.6K
$265.7K – $354.2K
NOI $21,252 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 48169, MI
20,336
Population
9,045
Households
2.2
Avg Household Size
48
Median Age
39%
College-Educated
98%
High-School Grad
57.7 sq mi
ZIP Area
352
Density / Sq Mi
$108,886
Median Household Income
$58,988
Median Earnings
$1,365
Median Rent
$344,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include in-unit laundry and finished space below grade.
Where is this duplex located?
The property is located at 11282 Lake Forest Dr Pinckney, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Each unit has in‑unit laundry and a walkout basement with finished space; Roof replaced in 2023; additional improvements made during ownership
