2-Unit Duplex with
For Sale
$264,000
Pending
2252 Jeffrey St, Stevensville, MI 49127
Each residence includes a patio, window air-conditioning units, and a one-car garage.
Property Size1,908 SF
Days on Market14
Property Features for 2252 Jeffrey St
General Information
Standard status
Pending
Size
1,908 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1968
Listing Agency:
@properties Christie's International R.E.
Listed By:
Anne Gain · License #6506045331
(269) 277-6077
Source:
Vmrealestatemichigan
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 28 at 8:29AM
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 @properties Christie's International R.E.
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Investment Insights
Based on property information with market context.
This 1,908-square-foot duplex, built in 1968, contains two residences. Both units have patios, window air-conditioning units, and full one-car garages. The right-side unit has three bedrooms, and the left-side unit includes crawl space access. A backyard shed is also included with the property.
The property is near shopping, restaurants, beaches, and access to 94.
The property is near shopping, restaurants, beaches, and access to 94.
Key Highlights
- 1,908‑square‑foot duplex built in 1968
- Two units; the right‑side residence has 3 bedrooms
- Full one‑car garage and patio at each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,451
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,020
$349.0K
Cap Rate 7%
$249,300
$249.3K
Cap Rate 9%
$193,900
$193.9K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$26.3K $13.80/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$24.9K $13.07/SF
− OpEx
−$7.5K −$3.92/SF
NOI
$17.5K $9.15/SF
Area
Berrien County, MI
Vacancy
5.32%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,020
Cap Rate 7%
$249,300
Cap Rate 9%
$193,900
Alternative Uses
Best Use
Multifamily LT 5
$249.3K
$218.1K – $290.9K
NOI $17,451 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$222.5K
$194.7K – $259.6K
NOI $15,573 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$401.5K
$351.3K – $468.4K
NOI $28,105 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 49127, MI
10,811
Population
5,043
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
17.1 sq mi
ZIP Area
632
Density / Sq Mi
$96,781
Median Household Income
$44,903
Median Earnings
$1,103
Median Rent
$287,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a patio, window air-conditioning units, and a one-car garage.
Where is this duplex located?
The property is located at 2252 Jeffrey St Stevensville, MI.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: 1,908‑square‑foot duplex built in 1968; Two units; the right‑side residence has 3 bedrooms; Full one‑car garage and patio at each unit
