2026 James Avenue, Owosso, MI 48867
MULTI_FAMILY - Ranch - Owosso, MI
- Added:
- May 11, 2026
- Days on Market:
- 44
- Last Refresh:
- Jun 23 at 7:06 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
- Active
- 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.
HighLights
- Duplex in Caledonia Township with two mirror‑image units, each with a private entrance and parking
- Unit at 2028 James is a complete remodel and is currently vacant
- Recent updates to the 2028 James unit include new flooring, new window treatments, reglazed tub, and new paint
- New roof installed 2–3 years ago
- 2026 James has a long‑term tenant
- Each unit has electric heat; new electric water heater on the 2028 James side, plus a large rear storage unit
Overview
The property is situated on a compact lot and includes outdoor space with a deck, supported by routine exterior maintenance. A rear storage building adds practical overflow capacity for tenants.
For buyers or operators, the separate entrances and parking for each unit can support tenant privacy and straightforward daily access. The current mix of a vacant remodeled unit and an occupied unit provides an option to stabilize occupancy while continuing to realize the benefit of completed interior upgrades.
Local 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 | $17.6k | $12.60 |
| − Vacancy | −$1.2k | −$0.86 |
| EGI | $16.4k | $11.74 |
| − OpEx | −$4.9k | −$3.52 |
| NOI | $11.5k | $8.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Owosso
- County
- Shiawassee
- State
- Michigan
- Longitude
- -84.140999
- Latitude
- 42.988319
