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    Turnkey Furnished Duplex with Garage Title is generated by Realmo AI

    216 N Genesee Street, Davison, MI 48423

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    Claim this Listing
    For Sale
    $265,000

    MULTI_FAMILY - Davison, MI

    Property size:
    1,568 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $169/SF
    Added:
    May 28, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 216 N Genesee Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
    Patio and Porch features
    Porch, Deck
    Interior features
    Cable/Internet Avail., Walk-In Closet
    Exterior features
    Deck, Porch, Sidewalks, Street Lights
    Appliances
    Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
    Standard status
    Active
    APN
    LOT 31 BLK D MAP OF THE VILLAG
    Size
    1,568 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4494

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    David Bowles

    Listing agent David Bowles License #FAAR

    Listing office Keller Williams First 10785 S Saginaw St Suite E, Grand Blanc, MI

    Listing date May 28, 2026

    MLS# 50209238

    Copyright © 2026 Multiple Listing Service MiRealSource. 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 with 2 units, each with 2 bedrooms, 1 bathroom, and in‑unit laundry.
    • Major updates completed: new roof (2023), windows (2022), A/C (2022), updated electrical panel (2022), sewer drain line (2026), driveway (2025).
    • Kitchens refreshed: downstairs kitchen updated and upstairs kitchen replaced (2022) with updated appliances.
    • Heating and cooling: forced‑air heat and central A/C.
    • Includes deck and porch, plus sidewalk street‑light area.
    • 2‑car garage with workshop space; public water; property is furnished.

    Overview

    This turnkey duplex offers two separate units, each with two bedrooms, one bathroom, and in-unit laundry. The property is being sold fully furnished and presents as move-in ready, with updated flooring throughout and kitchen updates including a refreshed kitchen on the downstairs unit and a new kitchen on the upstairs unit. Additional improvements include a new roof in 2023, new windows throughout in 2022, an A/C system in 2022, and an updated electrical panel in 2022. The seller also completed exterior and utility work, including a driveway in 2025 and a new sewer drain line in 2026.

    The property is located at 216 N Genesee Street in Davison, Michigan (48423), in Genesee County. The lot size is listed at approximately 0.2 acres, and the total building size is reported as 1,568 square feet. A 2-car garage with workshop space is included, adding practical storage and workspace capability for occupants or tenants.

    For buyers seeking a flexible income property, this duplex can support multiple occupancy strategies since it provides two self-contained living units with laundry. Recent major-system and interior updates reduce immediate capital planning, and the furnished setup may appeal to operators or tenants looking for a more turnkey transition. The property also includes a 1-year home warranty per the seller’s remarks.

    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 $20.3k $12.96
    − Vacancy −$1.1k −$0.69
    EGI $19.2k $12.27
    − OpEx −$5.8k −$3.68
    NOI $13.5k $8.59
    1,568 SF · lease $12.96/SF/yr · vacancy 5.32% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $192.4K
    $168.4K – $224.5K (±1% cap)
    NOI $13,468 @ 7.0% cap · market cap 5.08%
    Second Best
    Apartment 5plus
    $171.7K
    $150.2K – $200.3K (±1% cap)
    NOI $12,016 @ 7.0% cap · market cap 4.53%
    Theoretical Best
    Office A
    $329.9K
    $288.7K – $384.9K (±1% cap)
    NOI $23,096 @ 7.0% cap · market cap 8.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Davison
    County
    Genesee
    State
    Michigan
    Longitude
    -83.518943
    Latitude
    43.031186

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    FAQs

    What type of property is this?
    Duplex - A fully furnished two-unit duplex with updated interiors, laundry, and a 2-car garage with workshop space.
    Where is this duplex located?
    The property is located at 216 N Genesee Street Davison, MI.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Duplex with 2 units, each with 2 bedrooms, 1 bathroom, and in‑unit laundry.; Major updates completed: new roof (2023), windows (2022), A/C (2022), updated electrical panel (2022), sewer drain line (2026), driveway (2025).; Kitchens refreshed: downstairs kitchen updated and upstairs kitchen replaced (2022) with updated appliances.
    (810) 341-3587
    We can help!
    Listing Contact
    David Bowles
    Real Estate License ID: FAAR
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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.

    More about this property
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