2-Unit Duplex with Storage
For Sale
$375,000
310 N Scott St, Dewitt, MI 48820
Separate utility meters serve the two residences, which connect to public water and sewer.
Property Size2,116 SF
Price / SF$177.22
Days on Market21
Property Features for 310 N Scott St
General Information
Standard status
Active
Size
2,116 SF
Property subtype
Residential Income
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
washer/dryer hookups
central heat and air
front porch
storage shed
Building Details
Year Built
1999
Buildings
1
Listing Agency:
Coldwell Banker Professionals-E.L.
(517) 332-5100
Listed By:
Roger Saadeh · License #6501466630
(517) 410-4047
Source:
Exprealty
Added: Oct 12
Changed: Oct 27
Last Checked: Oct 30 at 3:01PM
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 Coldwell Banker Professionals-E.L.
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Investment Insights
Based on property information with market context.
Constructed in 1999, this duplex contains 2,116 square feet of above-grade space across two residences. Both units have first-floor washer and dryer hookups, and the property is equipped with central heating and air conditioning. A front porch and storage shed are also included.
The property is in DeWitt, near downtown and everyday conveniences. One of the two units is currently rented.
The property is in DeWitt, near downtown and everyday conveniences. One of the two units is currently rented.
Key Highlights
- Two units with 2,116 square feet of above‑grade space
- Built in 1999
- Both residences have first‑floor washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,112
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,240
$382.2K
Cap Rate 7%
$273,029
$273.0K
Cap Rate 9%
$212,356
$212.4K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$29.2K $13.80/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$27.3K $12.90/SF
− OpEx
−$8.2K −$3.87/SF
NOI
$19.1K $9.03/SF
Area
Clinton County, MI
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,240
Cap Rate 7%
$273,029
Cap Rate 9%
$212,356
Alternative Uses
Best Use
Multifamily LT 5
$273.0K
$238.9K – $318.5K
NOI $19,112 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$245.2K
$214.5K – $286.0K
NOI $17,161 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$430.7K
$376.9K – $502.5K
NOI $30,149 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 48820, MI
17,944
Population
7,002
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
97%
High-School Grad
65.8 sq mi
ZIP Area
273
Density / Sq Mi
$106,651
Median Household Income
$60,611
Median Earnings
$1,098
Median Rent
$318,400
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 - Separate utility meters serve the two residences, which connect to public water and sewer.
Where is this duplex located?
The property is located at 310 N Scott St Dewitt, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two units with 2,116 square feet of above‑grade space; Built in 1999; Both residences have first‑floor washer and dryer hookups
