New Davison Duplex
For Sale
$318,000
3367 Meadowridge, Davison, MI 48423
New duplex-style condos in Richfield Township, ready May 2025.
Property Size1,266 SF
Days on Market534
Property Features for 3367 Meadowridge
General Information
Standard status
Active
Size
1,266 SF
Property subtype
Condominium
Amenities
Forced Air
Central A/C
Building Details
Building Size
1,266 SF
Year Built
2025
Stories
2
Listing Agency:
The Brokaw Group
Listed By:
Bethany A Brokaw
(810) 600-2060
Source:
Kw
Added: Apr 21, 2025
Changed: Sep 29
Last Checked: Oct 5 at 5:13PM
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 The Brokaw Group
Investment Insights
Based on property information with market context.
Forest Creek West, a new development by Johnsons Developments, offers duplex-style condos in Richfield Township, minutes from Davison amenities. These end-unit condos are attached only at the garage, ensuring privacy. Base pricing for full basement units with egress starts at $304,000. Daylight units start at $314,000, and walkout units are priced from $334,000 (or $350,000 for walkout units with a finished third bedroom and bathroom in the basement). The properties are scheduled to be ready for occupancy May 1st 2025. Standard features include durable luxury plank vinyl flooring, granite counters, and Kraftmaid cabinetry. Customize and build your dream condo.
Key Highlights
- New construction condo in Davison's Forest Creek West, ready May 1st, 2025.
- End‑unit duplex design attached only at the garage, maximizing privacy.
- Located in a rural setting (Richfield Township) yet close to Davison amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,874
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,480
$217.5K
Cap Rate 7%
$155,343
$155.3K
Cap Rate 9%
$120,822
$120.8K
Market Conditions
NOI Build-Up for 1,266 SF
Gross rent
$16.4K $12.96/SF
− Vacancy
−$873 −$0.69/SF
EGI
$15.5K $12.27/SF
− OpEx
−$4.7K −$3.68/SF
NOI
$10.9K $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%
$217,480
Cap Rate 7%
$155,343
Cap Rate 9%
$120,822
Alternative Uses
Best Use
Multifamily LT 5
$155.3K
$135.9K – $181.2K
NOI $10,874 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$138.6K
$121.3K – $161.7K
NOI $9,702 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$266.4K
$233.1K – $310.8K
NOI $18,648 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 48423, MI
33,801
Population
15,248
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
93%
High-School Grad
64.5 sq mi
ZIP Area
524
Density / Sq Mi
$64,096
Median Household Income
$40,463
Median Earnings
$953
Median Rent
$209,400
Median Home Value
Check the figures for this property
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 - New duplex-style condos in Richfield Township, ready May 2025.
Where is this duplex located?
The property is located at 3367 Meadowridge Davison, MI.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: New construction condo in Davison's Forest Creek West, ready May 1st, 2025.; End‑unit duplex design attached only at the garage, maximizing privacy.; Located in a rural setting (Richfield Township) yet close to Davison amenities.
