Fully Occupied Duplex with
2312 Darwin Ln Saginaw, MI 48603
For Sale
$265,000
Fully occupied duplex built in 1979, with two 2-bedroom units, private basements, and attached 1-car garages.
Property Size2,200 SF
Price / SF$120.45
Days on Market32
Property Features for 2312 Darwin Ln
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1979
Listing Agency:
(586) 703-7195
Listed By:
Daniel P Gullion
(586) 703-7195
Source:
Elliman
Added: Jun 23
Changed: Jul 21
Last Checked: Jul 23 at 4:22AM
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 Daniel P Gullion
Investment Insights
Based on property information with market context.
This fully occupied duplex was built in 1979 and is configured as two separate residential units. Each unit offers 2 bedrooms and 1.5 bathrooms, along with its own private basement. Residents also benefit from an attached 1-car garage, a spacious deck, and a private backyard. The property includes separate utilities for each unit.
Situated in Saginaw Township, the property is described as somewhat bikeable with a walk score indicating a car-dependent area.
With approximately 2,200 square feet of living space and a strong rental history as noted in the remarks, the duplex presents a straightforward income-producing setup with independent unit amenities and separate utilities.
Situated in Saginaw Township, the property is described as somewhat bikeable with a walk score indicating a car-dependent area.
With approximately 2,200 square feet of living space and a strong rental history as noted in the remarks, the duplex presents a straightforward income-producing setup with independent unit amenities and separate utilities.
Key Highlights
- Fully occupied duplex in Saginaw Township with a strong rental history
- Built in 1979 and offers approximately 2,200 sq ft of living space
- Two units, each with 2 bedrooms and 1.5 bathrooms
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 | $20.1k | $9.12 |
| − Vacancy | −$1.4k | −$0.66 |
| EGI | $18.6k | $8.46 |
| − OpEx | −$5.6k | −$2.54 |
| NOI | $13.0k | $5.92 |
2,200 SF · lease $9.12/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$186.2K
$162.9K – $217.2K
NOI $13,034 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$176.9K
$154.8K – $206.3K
NOI $12,380 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$406.5K
$355.7K – $474.2K
NOI $28,453 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex built in 1979, with two 2-bedroom units, private basements, and attached 1-car garages.
Where is this duplex located?
The property is located at 2312 Darwin Ln Saginaw, 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: Fully occupied duplex in Saginaw Township with a strong rental history; Built in 1979 and offers approximately 2,200 sq ft of living space; Two units, each with 2 bedrooms and 1.5 bathrooms
