2026 James Avenue Owosso, MI 48867
MULTI_FAMILY - Ranch - Owosso, MI
- Added:
- May 11, 2026
- Days on Market:
- 63
- Last Refresh:
- Jul 12 at 5:06 am
Property Features for 2026 James Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2
- Patio and Porch features
- Deck
- Exterior features
- Deck, Street Lights
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Pending
- APN
- 007-46-006-019-01
- Size
- 1,400 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1643
Utilities
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 2
- Architectural style
- Ranch
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 May 11, 2026
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.
Recent improvements are noted throughout the residence. The roof is described as new from roughly 2–3 years ago, and outside areas and the deck were recently power washed. Unit 2028 James is reported as a complete remodel and vacant, with new flooring throughout, new window treatments, professionally reglazed tub, and new paint. Unit 2026 James has a long-term tenant in place.
Both units are heated with electric heat, and a new electric water heater is reported for the 2028 side.
Key Highlights
- Duplex in Caledonia Township with mirror‑image apartments
- New roof completed 2–3 years ago
- 2028 James is a complete remodel and is vacant with new flooring, window treatments, new paint, and reglazed tub
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 | $20.2k | $14.40 |
| − Vacancy | −$1.5k | −$1.04 |
| EGI | $18.7k | $13.36 |
| − OpEx | −$8.4k | −$6.01 |
| NOI | $10.3k | $7.35 |
