Side-by-Side Duplex Income
For Sale
$215,000
119-121 N Bachus Street, Corunna, MI 48817
MULTI_FAMILY - Corunna, MI
Property Size2,600 SF
Lot Size0.21 Acres
Price / SF$82.69
Days on Market48
Property Features for 119-121 N Bachus Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Basement, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5
Patio and Porch features
Patio
Exterior features
Patio
Fireplace
1
Subdivision
Original City of Corunna
Elementary school district
Corunna Public School District
Middle school district
Corunna Public School District
High school district
Corunna Public School District
Standard status
Active
APN
026-10-022-001 026-10-022-002
Size
2,600 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3298
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1945
Floors in Building
2
Number of units
2
Listing Agency:
Century 21 Signature Realty · Century 21 Real Estate
(810) 659-3161
Listed By:
Jeremy Moore
(248) 807-6539
Added: Jun 15
Changed: Jul 30
Last Checked: Aug 1 at 6:06AM
MLS# 50211416
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex includes two rental units in a well-maintained residential income setup. Unit 1 offers three bedrooms and 1.5 bathrooms with a spacious living area, while Unit 2 offers two bedrooms and one full bathroom. Each unit has its own private entrance and separate driveway, and both units have individual furnaces and water heaters. Utilities are separately metered, with tenants responsible for electric and gas, while the owner covers water and sewer. Both units are currently on month-to-month leases, providing flexibility for a new owner.
The property is located in the City of Corunna, Michigan, at 119-121 N Bachus Street. The site sits on a 0.21-acre lot.
For buyers seeking a small multifamily opportunity, the property’s unit separation and individually serviced systems can simplify day-to-day management. With month-to-month tenancy in place and separately metered utilities, it may appeal to investors or owner-operators looking for control and flexibility in how they manage and potentially adjust future leasing.
The property is located in the City of Corunna, Michigan, at 119-121 N Bachus Street. The site sits on a 0.21-acre lot.
For buyers seeking a small multifamily opportunity, the property’s unit separation and individually serviced systems can simplify day-to-day management. With month-to-month tenancy in place and separately metered utilities, it may appeal to investors or owner-operators looking for control and flexibility in how they manage and potentially adjust future leasing.
Key Highlights
- Fully occupied side‑by‑side duplex in the City of Corunna generating $2,300/month in rental income
- Unit 1: 3 bedrooms, 1.5 baths, spacious living area, rents for $1,500/month (month‑to‑month)
- Unit 2: 2 bedrooms, 1 full bath, rents for $800/month (month‑to‑month)
Financial Insights For Apartment 5plus
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 | $37.4k | $14.40 |
| − Vacancy | −$2.7k | −$1.04 |
| EGI | $34.7k | $13.36 |
| − OpEx | −$15.6k | −$6.01 |
| NOI | $19.1k | $7.35 |
2,600 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.2K
$267.0K – $356.1K
NOI $21,363 @ 7.0% cap · market cap 9.94%
Second Best
Apartment 5plus
$273.0K
$238.9K – $318.5K
NOI $19,109 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$495.7K
$433.7K – $578.3K
NOI $34,699 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 48817, MI
5,714
Population
2,513
Households
2.3
Avg Household Size
45
Median Age
16%
College-Educated
96%
High-School Grad
58.9 sq mi
ZIP Area
97
Density / Sq Mi
$57,468
Median Household Income
$39,300
Median Earnings
$879
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with separate entrances and utilities, offering flexible month-to-month leases for the next owner.
Where is this duplex located?
The property is located at 119-121 N Bachus Street Corunna, MI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Fully occupied side‑by‑side duplex in the City of Corunna generating $2,300/month in rental income; Unit 1: 3 bedrooms, 1.5 baths, spacious living area, rents for $1,500/month (month‑to‑month); Unit 2: 2 bedrooms, 1 full bath, rents for $800/month (month‑to‑month)
