16350 Oakley Road Chesaning, MI 48616
MULTI_FAMILY - Chesaning, MI
- Added:
- Oct 27, 2025
- Days on Market:
- 261
- Last Refresh:
- Jul 14 at 9:06 am
Property Features for 16350 Oakley Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 5, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 07092131006000
- Size
- 3,280 SF
- Lot size
- 3.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3274
Utilities
- Heating system
- Oil
- Water source
- Private
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 5
Listing agent Kris Delaney License #6501368129 (989) 277-1265
Listing office Keller Williams First 650 Purdy Lane, Grand Blanc, MI (517) 625-4663
Listing date Oct 27, 2025
Copyright © 2026 Greater Shiawassee Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is described as about 15 minutes north of Owosso and is served by Chesaning schools. Tenants pay electric, while the owner pays gas and garbage, supporting a straightforward utility expense structure.
Key Highlights
- 5‑unit investment property on 3.5 acres
- Chesaning schools; about 15 minutes north of Owosso
- Unit mix: four 1‑bedroom units and one 2‑bedroom unit
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 | $35.0k | $10.68 |
| − Vacancy | −$1.5k | −$0.45 |
| EGI | $33.6k | $10.23 |
| − OpEx | −$15.1k | −$4.60 |
| NOI | $18.5k | $5.63 |
