New Davison Duplex
For Sale
$274,999
3369 Meadowridge, Davison, MI 48423
New duplex development in Davison, customize your dream condo today!
Property Size1,202 SF
Days on Market533
Property Features for 3369 Meadowridge
General Information
Standard status
Active
Size
1,202 SF
Property subtype
Condominium
Amenities
Central A/C
Forced Air
Building Details
Building Size
1,202 SF
Year Built
2025
Stories
2
Listing Agency:
The Brokaw Group
Listed By:
Bethany A Brokaw
(810) 600-2060
Source:
Kw
Added: Apr 22, 2025
Changed: Oct 4
Last Checked: Oct 5 at 4:46PM
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 is a new development in Davison featuring duplex-style condos built by Johnson's Developments. These end-unit designs are attached only at the garage, offering privacy. Base pricing starts at $307,000 for a full basement unit with egress and a deck included. Daylight units start at $314,000, and walkout units are available starting at $334,000, with a walkout option including a finished third bedroom and bathroom in the basement for $350,000. Many sites are available to choose from, allowing for customization. Standard features include luxury plank vinyl flooring, granite counters, Kraftmaid cabinetry, and a maintenance-free composite deck.
Key Highlights
- New construction duplex‑style condos offering privacy, end units attached only at the garage.
- Located in a rural setting (Richfield Township) yet close to Davison amenities.
- Base price includes a full basement with egress and a deck.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,324
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,480
$206.5K
Cap Rate 7%
$147,486
$147.5K
Cap Rate 9%
$114,711
$114.7K
Market Conditions
NOI Build-Up for 1,202 SF
Gross rent
$15.6K $12.96/SF
− Vacancy
−$829 −$0.69/SF
EGI
$14.7K $12.27/SF
− OpEx
−$4.4K −$3.68/SF
NOI
$10.3K $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%
$206,480
Cap Rate 7%
$147,486
Cap Rate 9%
$114,711
Alternative Uses
Best Use
Multifamily LT 5
$147.5K
$129.1K – $172.1K
NOI $10,324 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$131.6K
$115.1K – $153.5K
NOI $9,211 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$252.9K
$221.3K – $295.1K
NOI $17,705 @ 7.0% cap · market cap 6.44%
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - New duplex development in Davison, customize your dream condo today!
Where is this duplex located?
The property is located at 3369 Meadowridge Davison, MI.
What is the asking price?
The asking price for this property is $274,999.
What are key features of this property?
This property features: New construction duplex‑style condos offering privacy, end units attached only at the garage.; Located in a rural setting (Richfield Township) yet close to Davison amenities.; Base price includes a full basement with egress and a deck.
