Well-Maintained Duplex in Brooklyn
113 Julian St Brooklyn, MI 49230
For Sale
$174,900
Two-unit duplex near downtown Brooklyn, fully leased through July 2026.
Property Size1,000 SF
Lot Size0.20 Acres
Price / SF$174.90
Days on Market140
Property Features for 113 Julian St
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.20 Acres
Property subtype
Investment
Building Details
Year Built
1908
Listing Agency:
Executive Brokers Residential and Commercial Real Estate
(517) 474-0832
Listed By:
Michael Kendall · License #6506048214
(517) 474-0832
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 27 at 4:51AM
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 Executive Brokers Residential and Commercial Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-unit duplex is located in the Village of Brooklyn. The lower unit features two bedrooms and one bathroom, encompassing approximately 1,000 square feet and is leased for $1,100 per month. The upper unit includes one bedroom and one bathroom, covering about 563 square feet and is leased for $700 per month. Both units are occupied through July 2026. Residents have access to a large, fenced backyard. The property is located a short distance from downtown Brooklyn, with its shops and restaurants. Showings start 8/27.
Key Highlights
- Well‑maintained 2‑unit duplex in the Village of Brooklyn.
- Both units are currently occupied with leases in place through July 2026, providing immediate rental income.
- Lower unit: 2 bed/1 bath, approximately 1,000 sq ft, $1,100/month rent.
Financial Insights For Multifamily LT 5
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 | $10.2k | $10.20 |
| − Vacancy | −$765 | −$0.77 |
| EGI | $9.4k | $9.44 |
| − OpEx | −$2.8k | −$2.83 |
| NOI | $6.6k | $6.60 |
1,000 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$94.4K
$82.6K – $110.1K
NOI $6,605 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$88.6K
$77.6K – $103.4K
NOI $6,204 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$159.6K
$139.7K – $186.2K
NOI $11,174 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex near downtown Brooklyn, fully leased through July 2026.
Where is this duplex located?
The property is located at 113 Julian St Brooklyn, MI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Well‑maintained 2‑unit duplex in the Village of Brooklyn.; Both units are currently occupied with leases in place through July 2026, providing immediate rental income.; Lower unit: **2 bed/1 bath, approximately 1,000 sq ft, $1,100/month rent.**
