Updated Duplex With Separate
3200 N Averill Avenue Genesee, MI 48506
3200 N Averill Avenue, Genesee, MI, 48506
$139,900
For Sale
$139,900
MULTI_FAMILY - Genesee, MI
Property Size1,392 SF
Lot Size0.21 Acres
Price / SF$100.50
Days on Market81
Property Features for 3200 N Averill Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 3
- Standard status
- Active
- APN
- 1133300014
- Size
- 1,392 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3099
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Number of units
- 2
Listing Agency
Keller Williams First
(810) 515-1503
10785 S Saginaw St Suite E, Grand Blanc, MI
Listed by
Bradley LaBrie
(810) 441-7958
Added: May 1 Updated: Jun 3 at 5:40 pm Checked: Jul 20 at 6:06 pm
MLS# 50206054
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale duplex includes two residential units with separate living arrangements. The property is described as completely updated and features a separate room for laundry. Utility services are split, with separate electric and gas meters for each unit, supporting independent tenant management.
The duplex is located at 3200 N Averill Avenue in Genesee, Michigan (48506), within Genesee Township. The listing also notes the Kearsley School District.
For investors or owner-occupants looking for income alongside self-contained utility setups, the property currently has established rental payments. One unit is described as a 3-bedroom, 2-bath configuration rented at $1,100 per month. The second unit is described as a 2-bedroom unit rented at $700 per month. The property totals 1,392 square feet on a 0.21-acre lot, providing a manageable footprint for ongoing maintenance and operations. Schedule a showing to review finishes, confirm unit details, and evaluate the current tenancy structure and lease terms.
The duplex is located at 3200 N Averill Avenue in Genesee, Michigan (48506), within Genesee Township. The listing also notes the Kearsley School District.
For investors or owner-occupants looking for income alongside self-contained utility setups, the property currently has established rental payments. One unit is described as a 3-bedroom, 2-bath configuration rented at $1,100 per month. The second unit is described as a 2-bedroom unit rented at $700 per month. The property totals 1,392 square feet on a 0.21-acre lot, providing a manageable footprint for ongoing maintenance and operations. Schedule a showing to review finishes, confirm unit details, and evaluate the current tenancy structure and lease terms.
Key Highlights
- Duplex in Genesee Township with Kearsley School District
- 3‑bedroom, 2‑bath unit rented for $1,100/month
- 2‑bedroom unit rented for $700/month
Local 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 | $19.2k | $13.80 |
| − Vacancy | −$1.2k | −$0.90 |
| EGI | $18.0k | $12.90 |
| − OpEx | −$5.4k | −$3.87 |
| NOI | $12.6k | $9.03 |
1,392 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$179.6K
$157.2K – $209.6K
NOI $12,573 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$161.3K
$141.1K – $188.2K
NOI $11,289 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$286.5K
$250.7K – $334.3K
NOI $20,057 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Completely updated duplex with separate electric and gas meters and dedicated laundry space for each unit.
Where is this duplex located?
The property is located at 3200 N Averill Avenue Genesee, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Duplex in Genesee Township with Kearsley School District; 3‑bedroom, 2‑bath unit rented for $1,100/month; 2‑bedroom unit rented for $700/month
