16350 Oakley Road Chesaning, MI 48616
MULTI_FAMILY - Chesaning, MI
- Added:
- Oct 27, 2025
- Days on Market:
- 259
- Last Refresh:
- Jul 12 at 3:06 am
Property Features for 16350 Oakley Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 5, Bedroom 6, Bathroom 1, Bedroom 5
- 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 located in Chesaning, Michigan, and is described as being about 15 minutes north of Owosso. The listing also notes Chesaning schools.
With the current 4:1 one-bedroom-to-two-bedroom configuration and tenant-paid electric, the property is set up to support ongoing residential rental operations under the described utility arrangement.
Key Highlights
- 5‑unit investment property on 3.5 acres, with Chesaning schools
- Unit mix: four 1‑bedroom units and one 2‑bedroom unit
- Tenants pay electric; owner pays gas and garbage
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 |
