Duplex with Pole
New
For Sale
$259,000
Pending
3145 Rolston Rd, Fenton, MI 48430
Two apartments are complemented by a separate outbuilding suited to storage or workshop use.
Property Size1,632 SF
Days on Market6
Property Features for 3145 Rolston Rd
General Information
Standard status
Pending
Size
1,632 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,330
Amenities
pole barn
Listing Agency:
RE/MAX Platinum-Fenton
(810) 629-5800
Listed By:
Jeffrey A Zielinski · License #6501412987
(810) 252-3269
Source:
Exprealty
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 11 at 9:04AM
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 RE/MAX Platinum-Fenton
Investment Insights
Based on property information with market context.
The duplex contains two apartments, with the upper unit vacant and the lower unit occupied. A separate 24 x 32 pole barn has metal siding and roofing, a 10-foot-high overhead door, and updated electrical. The seller plans to have the barn painted before closing.
The property is within one mile of US-23 and near Linden and Fenton, with restaurants, shopping, and other amenities in the surrounding area.
The property is within one mile of US-23 and near Linden and Fenton, with restaurants, shopping, and other amenities in the surrounding area.
Key Highlights
- Two apartments; upper unit vacant and lower unit occupied
- 24 x 32 pole barn with metal siding and roof
- Pole barn has a 10‑foot‑high overhead door and updated electrical
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,018
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,360
$280.4K
Cap Rate 7%
$200,257
$200.3K
Cap Rate 9%
$155,756
$155.8K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$21.2K $12.96/SF
− Vacancy
−$1.1K −$0.69/SF
EGI
$20.0K $12.27/SF
− OpEx
−$6.0K −$3.68/SF
NOI
$14.0K $8.59/SF
Area
Genesee County, MI
Vacancy
5.32%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,360
Cap Rate 7%
$200,257
Cap Rate 9%
$155,756
Alternative Uses
Best Use
Multifamily LT 5
$200.3K
$175.2K – $233.6K
NOI $14,018 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$178.7K
$156.3K – $208.5K
NOI $12,507 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$343.4K
$300.5K – $400.7K
NOI $24,039 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 48430, MI
39,594
Population
16,163
Households
2.4
Avg Household Size
42
Median Age
38%
College-Educated
96%
High-School Grad
83.2 sq mi
ZIP Area
476
Density / Sq Mi
$99,755
Median Household Income
$53,447
Median Earnings
$1,382
Median Rent
$308,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments are complemented by a separate outbuilding suited to storage or workshop use.
Where is this duplex located?
The property is located at 3145 Rolston Rd Fenton, MI.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two apartments; upper unit vacant and lower unit occupied; 24 x 32 pole barn with metal siding and roof; Pole barn has a 10‑foot‑high overhead door and updated electrical
