Side-by-Side Townhouse
3345 Court Street Saginaw, MI 48602
For Sale
$189,000
Two side-by-side townhouses offering 2 bedrooms and 1 bath each, with hardwood floors and basement parking.
Property Size1,656 SF
Price / SF$114.13
Days on Market631
Property Features for 3345 Court Street
General Information
- Standard status
- Active
- Size
- 1,656 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1949
Listing Agency:
Century 21 Signature Realty
(989) 397-7346
Listed By:
Nonkhane Nonnie Saycosie · License #6501436280
(989) 397-7346
Source:
Exitrealty
Added: Nov 3, 2024
Changed: Jul 23
Last Checked: Jul 26 at 5:48AM
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 Century 21 Signature Realty
Investment Insights
Based on property information with market context.
This side-by-side townhouse duplex includes two separate units, each offering 2 bedrooms and 1 bathroom. The main level features hardwood flooring, and each unit has access to a basement with parking.
Located at 3345 Court Street in Saginaw, MI 48602, the property is set up for flexibility, whether you’re looking to occupy one townhouse while renting the other or using both units as income-producing residences.
With the duplex configuration and practical basement parking, the layout supports straightforward day-to-day convenience for tenants or residents in both units.
Located at 3345 Court Street in Saginaw, MI 48602, the property is set up for flexibility, whether you’re looking to occupy one townhouse while renting the other or using both units as income-producing residences.
With the duplex configuration and practical basement parking, the layout supports straightforward day-to-day convenience for tenants or residents in both units.
Key Highlights
- Two side‑by‑side townhouses, each with 2 bedrooms and 1 bathroom
- Hardwood floors on main level
- Basement provides ample parking
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 | $15.1k | $9.12 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $14.0k | $8.46 |
| − OpEx | −$4.2k | −$2.54 |
| NOI | $9.8k | $5.92 |
1,656 SF · lease $9.12/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$140.2K
$122.6K – $163.5K
NOI $9,811 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$133.1K
$116.5K – $155.3K
NOI $9,319 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$306.0K
$267.7K – $357.0K
NOI $21,417 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two side-by-side townhouses offering 2 bedrooms and 1 bath each, with hardwood floors and basement parking.
Where is this duplex located?
The property is located at 3345 Court Street Saginaw, MI.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two side‑by‑side townhouses, each with 2 bedrooms and 1 bathroom; Hardwood floors on main level; Basement provides ample parking
