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    Turn-Key Updated Duplex Opportunity Title is generated by Realmo AI

    16750 Taft Road, Spring Lake, MI 49456

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    For Sale
    $399,900

    MULTI_FAMILY - Spring Lake, MI

    Lot size:
    0.76 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 16750 Taft Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bedroom 2, Bedroom 4, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
    Parking
    6
    Basement
    Crawl Space
    Standard status
    Active
    APN
    70-03-10-100-015
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TH E 100 FT OF W 545 FT OF N 1/4 OF NW 1/4 OF NW 1/4. SEC 10 T8N R16W
    Tax Annual Amount
    6317

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Number of units
    2
    Building materials
    Brick, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Cheryl Ann Palmer-Subka
    Cheryl Ann Palmer-Subka

    Listing agent Cheryl Ann Palmer-Subka License #6502346250

    Listing office Coldwell Banker Woodland Schmidt Grand Haven 506 S Beacon Blvd, Grand Haven, MI

    Listing date Jun 3, 2026

    MLS# 26026672 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key duplex built in 1978 with brick and vinyl siding
    • Each unit offers 2 bedrooms, 1 bathroom, an attached 1‑car garage, and in‑unit laundry
    • 2024 updates include new A/C units, new garage doors with openers, fresh paint, and new flooring
    • 2024 interior upgrades include updated light fixtures and new kitchen appliances
    • 2024 bathroom updates feature newer tile walk‑in showers
    • Utilities include cable available; sewer is a septic tank

    Overview

    This turn-key duplex offers two well-appointed units, each featuring two bedrooms, one bathroom, an attached one-car garage, and convenient in-unit laundry. The property has been extensively updated in 2024, including fresh paint, new flooring, updated light fixtures, and new air conditioning units. Additional improvements include new garage doors with openers, newer concrete pads, a refreshed gravel drive, new front and storm doors, new window screens, updated irrigation, and refreshed landscaping. Inside, each unit includes new kitchen appliances, and the bathrooms feature newer tile walk-in showers.

    Located at 16750 Taft Road in Spring Lake, this duplex sits on approximately 0.76 acres, providing a solid residential income and owner-occupant setup. One unit will be delivered vacant at closing, which can simplify move-in timing for an owner-occupant or allow immediate leasing planning for an investor.

    With turnkey condition and meaningful mechanical and interior updates completed, the property is positioned for buyers seeking a low-maintenance duplex in a highly desirable Spring Lake district. The combination of attached garages, laundry in both units, and the 2024 upgrade package supports a practical, tenant-friendly configuration while also offering flexibility for an owner who wants to occupy one unit and rent the other.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.203514
    Latitude
    43.10281

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with two-bedroom units, attached garages, in-unit laundry, and extensive 2024 upgrades.
    Where is this duplex located?
    The property is located at 16750 Taft Road Spring Lake, MI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Turn‑key duplex built in 1978 with brick and vinyl siding; Each unit offers 2 bedrooms, 1 bathroom, an attached 1‑car garage, and in‑unit laundry; 2024 updates include new A/C units, new garage doors with openers, fresh paint, and new flooring
    (231) 578-0576
    We can help!
    Listing Contact
    Cheryl Ann Palmer-Subka
    Cheryl Ann Palmer-Subka
    Real Estate License ID: 6502346250
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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