Duplex Residential Income
121 Jones St Mount Clemens, MI 48043
New
121 Jones St, Mount Clemens, MI, 48043
$265,000
For Sale
$265,000
Duplex for sale in Mount Clemens with a spacious layout suited for rental income or owner occupancy.
Property Size2,450 SF
Price / SF$108.16
Days on Market3
Property Features for 121 Jones St
General Information
- Standard status
- Active
- Size
- 2,450 SF
- Property subtype
- Multi-Unit (2-4)
Building Details
- Year Built
- 1935
Listing agency
Great Lakes Team Realty
(248) 419-9474
Listed by
Jennifer Spiers
(248) 419-9474
Source
Doyle-realty
Added: Jul 19 Updated: Jul 21 at 9:19AM Checked: Jul 21 at 9:19AM
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 Great Lakes Team Realty
Investment Insights
Based on property information with market context.
This duplex residential income property offers two separate living units and a spacious layout designed to support flexible occupancy arrangements. The asset is positioned for buyers seeking either an investment property or an owner-occupant scenario.
The property is located in Mount Clemens, with proximity to local shopping, dining, and major roadways mentioned in the remarks. Nearby schools include Mount Clemens Junior High School, Mount Clemens High School, and Seminole Academy, all part of the Mount Clemens Community School District.
If you’re looking for a duplex with room to make it your own while generating rental income, schedule a tour to review the layout and possibilities in person.
The property is located in Mount Clemens, with proximity to local shopping, dining, and major roadways mentioned in the remarks. Nearby schools include Mount Clemens Junior High School, Mount Clemens High School, and Seminole Academy, all part of the Mount Clemens Community School District.
If you’re looking for a duplex with room to make it your own while generating rental income, schedule a tour to review the layout and possibilities in person.
Key Highlights
- Duplex property built in 1935 in Mt. Clemens
- Flexible layout for rental income, owner‑occupancy, or multi‑generational living
- Spacious layout with plenty of possibilities
Local 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 | $45.0k | $18.36 |
| − Vacancy | −$3.1k | −$1.29 |
| EGI | $41.8k | $17.07 |
| − OpEx | −$18.8k | −$7.68 |
| NOI | $23.0k | $9.39 |
2,450 SF · lease $18.36/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.5K
$324.2K – $432.3K
NOI $25,935 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$328.7K
$287.6K – $383.5K
NOI $23,008 @ 7.0% cap · market cap 8.68%
Theoretical Best
Specialty Retail
$458.7K
$401.4K – $535.1K
NOI $32,108 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale in Mount Clemens with a spacious layout suited for rental income or owner occupancy.
Where is this duplex located?
The property is located at 121 Jones St Mount Clemens, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Duplex property built in 1935 in Mt. Clemens; Flexible layout for rental income, owner‑occupancy, or multi‑generational living; Spacious layout with plenty of possibilities
