128 Front Drive, Northfield Twp, MI 48189
MULTI_FAMILY - Ranch - Northfield Twp, MI
Property Features for 128 Front Drive
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
The sale includes the parcel across the street, providing additional space for parking, boat storage, or a garden. The property offers beach access to Whitmore Lake and convenient connections to US 23 and I-96, with shopping and dining nearby.
Key Highlights
- Duplex configuration with 3‑bedroom and 1‑bedroom living areas
- 1,190 square feet with 4 bedrooms and 2 full bathrooms
- Sale includes the parcel across the street
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 | $16.4k | $13.80 |
| − Vacancy | −$936 | −$0.79 |
| EGI | $15.5k | $13.01 |
| − OpEx | −$4.6k | −$3.90 |
| NOI | $10.8k | $9.11 |
Alternative Uses
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Trade Area within ½ mile
Demographics for 48189, MI
Market
Vacancy Rate% for Multifamily in Midwest region