2360 E Burt Rd Burt, MI 48417
Remodeled triplex with park surroundings and income potential.
- Added:
- May 14, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 2 at 11:20 am
Property Features for 2360 E Burt Rd
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1966
Listing office (810) 341-4214
Listing date May 14, 2026
Source Elliman
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 Carol J Scharrer
Investment Insights
Based on property information with market context.
Key Highlights
- Completely remodeled in 2023 including new roof, windows, and septic system.
- Unique converted schoolhouse with three separately metered, move‑in ready units.
- Extra‑large 1,000 sq ft apartments.
Local 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 | $27.4k | $9.12 |
| − Vacancy | −$2.0k | −$0.66 |
| EGI | $25.4k | $8.46 |
| − OpEx | −$7.6k | −$2.54 |
| NOI | $17.8k | $5.92 |
