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Turnkey Duplex with Separate Utilities
For Sale
$160,000

106 N Talbot St, Addison, MI 49220

Each unit offers 2 bedrooms, 1 full bath, separate furnaces, water heaters, and separately metered utilities.

Property Size2,400 SF
Days on Market96

Property Features for 106 N Talbot St

General Information

Standard status Active
Size 2,400 SF
Property subtype Investment

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,504

Building Details

Building Size 2,400 SF
Year Built 1900
Units 2
Listing Agency: Foundation Realty
Listed By: Sarah Ford
Source: Elliman
Added: May 8 Changed: Aug 7 Last Checked: Aug 11 at 11:39AM

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 Foundation Realty

Investment Insights

Based on property information with market context.

This turnkey duplex includes two units, each configured with 2 bedrooms and 1 full bath. Updates cited include fresh paint throughout, new flooring, and updated electrical. Each unit is equipped with its own furnace and water heater, which are reported to be approximately 5 years old, and utilities are separately metered.

The property is located at 106 N Talbot St in Addison, MI 49220. WalkScore and bikeScore indicate a car-dependent area with somewhat bikeable conditions.

The setup supports independent utility management for each unit, with separate heating and hot water equipment. All information is believed to be correct, and Buyers Agent should verify all details.

Key Highlights

  • Duplex built in 1900 with two units; each unit has 2 bedrooms and 1 full bath
  • Each unit has its own furnace and water heater (approximately 5 years old)
  • Separately metered utilities allow tenants to pay their own utilities

Property Analytics

Current Use

Addison Auto Salvage Association Or Organization

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Furniture & Home Goods Nail Salon Grocery & Convenience Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby

Demographics for 49220, MI

2,390
Population
1,313
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
96%
High-School Grad
32.0 sq mi
ZIP Area
75
Density / Sq Mi
$70,726
Median Household Income
$37,364
Median Earnings
$803
Median Rent
$205,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Each unit offers 2 bedrooms, 1 full bath, separate furnaces, water heaters, and separately metered utilities.
Where is this duplex located?
The property is located at 106 N Talbot St Addison, MI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Duplex built in 1900 with two units; each unit has 2 bedrooms and 1 full bath; Each unit has its own furnace and water heater (approximately 5 years old); Separately metered utilities allow tenants to pay their own utilities
More about this property
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