Spacious Saginaw Township
3018 Mackinaw Meadows Drive Saginaw Charter Township Saginaw, MI 48603
3018 Mackinaw Meadows Drive Saginaw Charter Township, Saginaw, MI, 48603
$309,000
Pending
For Sale
$309,000
Pending
Three-bedroom condo with full basement and private patio.
Property Size1,741 SF
Days on Market591
Property Features for 3018 Mackinaw Meadows Drive Saginaw Charter Township
General Information
- Standard status
- Pending
- Size
- 1,741 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2018
Listing Agency
Coldwell Banker Bellinger Real Estate
(989) 295-5578
Listed by
Gary Bellinger · License #6502129474
(989) 295-5578
Source
Exitrealty
Added: Dec 3, 2024 Checked: Jul 17 at 5:20 am
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 Coldwell Banker Bellinger Real Estate
Investment Insights
Based on property information with market context.
This condo features three bedrooms and two full baths. The open kitchen and dining area overlooks a large living room with vaulted ceilings. An additional family room provides access to a private patio. The primary bedroom suite includes a large walk-in closet and bath. The condo has over 1700 square feet on the main level. The full basement has been framed for two additional bedrooms, including a lower-level family room, with bath plumbing in place. The kitchen features white cabinetry, matching appliances, a walk-in pantry, and a breakfast bar. Located in Saginaw Township, this unit is one of the largest available.
Key Highlights
- Pristine, move‑in ready condition; better than new.
- Spacious: Over 1700 sqft on the main level, one of the largest units in Saginaw Twp.
- Three bedrooms and two full baths on the main level.
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 | $18.6k | $10.68 |
| − Vacancy | −$781 | −$0.45 |
| EGI | $17.8k | $10.23 |
| − OpEx | −$8.0k | −$4.60 |
| NOI | $9.8k | $5.63 |
1,741 SF · lease $10.68/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$140.0K
$122.5K – $163.3K
NOI $9,797 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$321.7K
$281.5K – $375.3K
NOI $22,516 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Three-bedroom condo with full basement and private patio.
Where is this residential income property located?
The property is located at 3018 Mackinaw Meadows Drive Saginaw Charter Township Saginaw, MI.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Pristine, move‑in ready condition; better than new.; Spacious: Over 1700 sqft on the main level, one of the largest units in Saginaw Twp.; Three bedrooms and two full baths on the main level.
