Two-Unit Residential Income
26 N Howard Avenue Croswell, MI 48422
26 N Howard Avenue, Croswell, MI, 48422
$75,900
Pending
For Sale
$75,900
Pending
Two-unit property with separate layouts: a 2-bedroom front unit and a 1-bedroom rear unit.
Property Size1,288 SF
Days on Market681
Property Features for 26 N Howard Avenue
General Information
- Standard status
- Pending
- Size
- 1,288 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 9999
Listing agency
Town & Country Realty-Lexington
(810) 434-5129
Listed by
Tracy Kritzman · License #6501378946
(810) 434-5129
Source
Exitrealty
Added: Sep 9, 2024 Updated: Jul 20 at 5:55PM Checked: Jul 21 at 6:11AM
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 Town & Country Realty-Lexington
Investment Insights
Based on property information with market context.
This two-unit residential income property offers two separate living units. The front unit features 2 bedrooms and 1 bathroom, with a kitchen and one bedroom located upstairs. The rear unit includes 1 bedroom and 1 bathroom, along with kitchen and living space.
The property is located at 26 N Howard Avenue in Croswell City, Michigan. It is being offered for sale as an investment property.
For investors, the duplex configuration provides two distinct rental units within one property.
The property is located at 26 N Howard Avenue in Croswell City, Michigan. It is being offered for sale as an investment property.
For investors, the duplex configuration provides two distinct rental units within one property.
Key Highlights
- Two‑unit property with separate layouts: 2‑bedroom front unit and 1‑bedroom rear unit
- Front unit includes 2 bedrooms and 1 bath, with the kitchen and one bedroom upstairs
- Rear unit includes 1 bedroom and 1 bath with kitchen and living space
Local Financial Insights For Apartment 5plus
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 | $12.4k | $9.60 |
| − Vacancy | −$989 | −$0.77 |
| EGI | $11.4k | $8.83 |
| − OpEx | −$5.1k | −$3.97 |
| NOI | $6.3k | $4.86 |
1,288 SF · lease $9.60/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$101.4K
$88.7K – $118.3K
NOI $7,098 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$89.4K
$78.2K – $104.3K
NOI $6,257 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$273.5K
$239.4K – $319.1K
NOI $19,148 @ 7.0% cap · market cap 25.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property with separate layouts: a 2-bedroom front unit and a 1-bedroom rear unit.
Where is this duplex located?
The property is located at 26 N Howard Avenue Croswell, MI.
What is the asking price?
The asking price for this property is $75,900.
What are key features of this property?
This property features: Two‑unit property with separate layouts: 2‑bedroom front unit and 1‑bedroom rear unit; Front unit includes 2 bedrooms and 1 bath, with the kitchen and one bedroom upstairs; Rear unit includes 1 bedroom and 1 bath with kitchen and living space
