Residential Income Property with
20565 Williamsburg Court, Harper Woods, MI 48225
For Sale
New
$140,000
A townhouse condo offers two bedrooms, a partially finished basement, and association-managed exterior maintenance.
Property Size1,230 SF
Price / SF$113.82
Days on Market7
Property Features for 20565 Williamsburg Court
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Year Built
Stories
Listing Agency:
Lacuna Group LLC
Listed By:
Marcus Velzen · License #6501420016
(616) 855-7662
Source:
Lacunare
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 5:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lacuna Group LLC
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Investment Insights
Based on property information with market context.
At Williamsburg Row, this townhouse condo provides 1,230 square feet with two bedrooms and one and a half baths. A partially finished basement adds flexible space for recreation, work, or storage, and the assigned carport provides covered vehicle parking. The property was built in 1964.
Association services include water, lawn care, landscaping, snow removal, pest control, and repairs to the roof, gutters, exterior walls, porches, and driveways. Residents have access to Grosse Pointe Public Schools. Shopping, dining, and I-94 are nearby, with Detroit and the Grosse Pointes a short drive away.
Association services include water, lawn care, landscaping, snow removal, pest control, and repairs to the roof, gutters, exterior walls, porches, and driveways. Residents have access to Grosse Pointe Public Schools. Shopping, dining, and I-94 are nearby, with Detroit and the Grosse Pointes a short drive away.
Key Highlights
- Two‑bedroom, 1.5‑bath townhouse condo with 1,230 square feet
- Partially finished basement
- Assigned carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,088
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,760
$221.8K
Cap Rate 7%
$158,400
$158.4K
Cap Rate 9%
$123,200
$123.2K
Market Conditions
NOI Build-Up for 1,230 SF
Gross rent
$21.4K $17.40/SF
− Vacancy
−$1.2K −$1.01/SF
EGI
$20.2K $16.39/SF
− OpEx
−$9.1K −$7.38/SF
NOI
$11.1K $9.01/SF
Area
Wayne County, MI
Vacancy
5.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,760
Cap Rate 7%
$158,400
Cap Rate 9%
$123,200
Alternative Uses
Best Use
Apartment 5plus
$158.4K
$138.6K – $184.8K
NOI $11,088 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$227.7K
$199.3K – $265.7K
NOI $15,941 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 48225, MI
15,862
Population
6,271
Households
2.5
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
5,875
Density / Sq Mi
$59,248
Median Household Income
$40,558
Median Earnings
$1,304
Median Rent
$140,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Wayne County, MI
Properties on Market for Residential income properties in Wayne County
Frequently Asked Questions
What type of property is this?
Residential income property - A townhouse condo offers two bedrooms, a partially finished basement, and association-managed exterior maintenance.
Where is this residential income property located?
The property is located at 20565 Williamsburg Court Harper Woods, MI.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath townhouse condo with 1,230 square feet; Partially finished basement; Assigned carport
