Duplex with Large
11701 Schuilling Dr, Sparta, MI 49345
For Sale
$389,900
Two-unit residence with a substantial outbuilding near Camp Lake recreational amenities.
Property Size1,524 SF
Price / SF$255.84
Days on Market53
Property Features for 11701 Schuilling Dr
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Century 21 White House Realty
(231) 972-7676
Listed By:
Beyond MI Realty
(989) 214-2240
Source:
Beyondmirealty
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 6:04AM
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 Century 21 White House Realty
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Investment Insights
Based on property information with market context.
This 1940-built duplex includes two separate residential units on close to an acre, along with a large outbuilding. The lower unit contains 1,524 square feet, three bedrooms, and 1 1/2 baths. The upper unit offers 1,616 square feet and four bedrooms.
The property is within the Camp Lake Resort community, with a golf course, community park, and public boat launch for Camp Lake located in close proximity. The address is 11701 Schuilling Dr NE, Algoma Township, Kent County, Michigan.
The property is within the Camp Lake Resort community, with a golf course, community park, and public boat launch for Camp Lake located in close proximity. The address is 11701 Schuilling Dr NE, Algoma Township, Kent County, Michigan.
Key Highlights
- Two‑unit home on close to an acre
- Lower unit: 1,524 square feet, 3 bedrooms, and 1 1/2 baths
- Upper unit: 1,616 square feet and 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,605
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,100
$332.1K
Cap Rate 7%
$237,214
$237.2K
Cap Rate 9%
$184,500
$184.5K
Market Conditions
NOI Build-Up for 1,524 SF
Gross rent
$25.1K $16.44/SF
− Vacancy
−$1.3K −$0.87/SF
EGI
$23.7K $15.57/SF
− OpEx
−$7.1K −$4.67/SF
NOI
$16.6K $10.90/SF
Area
Kent County, MI
Vacancy
5.32%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,100
Cap Rate 7%
$237,214
Cap Rate 9%
$184,500
Alternative Uses
Best Use
Multifamily LT 5
$237.2K
$207.6K – $276.8K
NOI $16,605 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.6K
NOI $14,433 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$272.6K
$238.5K – $318.0K
NOI $19,080 @ 7.0% cap · market cap 4.89%
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
20
Businesses Nearby
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Business Placement
Demographics for 49345, MI
13,734
Population
5,074
Households
2.7
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
263
Density / Sq Mi
$84,918
Median Household Income
$44,051
Median Earnings
$968
Median Rent
$261,400
Median Home Value
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Market
Properties on Market for Duplexes in Kent County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence with a substantial outbuilding near Camp Lake recreational amenities.
Where is this duplex located?
The property is located at 11701 Schuilling Dr Sparta, MI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑unit home on close to an acre; Lower unit: 1,524 square feet, 3 bedrooms, and 1 1/2 baths; Upper unit: 1,616 square feet and 4 bedrooms
