12-Unit Apartment
New
For Sale
$875,000
3377 W Vienna Rd, Clio, MI 48420
Three separate buildings include resident storage and on-site laundry facilities.
Property Size9,686 SF
Price / SF$90.34
Days on Market7
Property Features for 3377 W Vienna Rd
General Information
Standard status
Active
Size
9,686 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
12
Amenities
Storage
Laundry Facilities
Building Details
Year Built
1973
Buildings
3
Listing Agency:
Tower Real Estate
(313) 505-3713
Listed By:
NextHome Evolution
(734) 822-6006
Source:
Nhevolutionmi
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 6:16PM
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 Tower Real Estate
Investment Insights
Based on property information with market context.
The 9,686-square-foot apartment property contains 12 residential units distributed among three buildings. Shared amenities include on-site laundry and additional storage. Several apartments have been updated within the past four years, while building improvements include a replacement roof on one structure and new windows in two of the three buildings.
Built in 1973, the property is located at 3377 W Vienna Rd in Vienna Charter Township, Michigan.
Built in 1973, the property is located at 3377 W Vienna Rd in Vienna Charter Township, Michigan.
Key Highlights
- 12 residential units across three buildings
- 9,686 square feet of building area
- On‑site laundry and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,228
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,560
$1.5M
Cap Rate 7%
$1,060,400
$1.1M
Cap Rate 9%
$824,756
$824.8K
Market Conditions
NOI Build-Up for 9,686 SF
Gross rent
$143.0K $14.76/SF
− Vacancy
−$8.0K −$0.83/SF
EGI
$135.0K $13.93/SF
− OpEx
−$60.7K −$6.27/SF
NOI
$74.2K $7.66/SF
Area
Genesee County, MI
Vacancy
5.60%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,560
Cap Rate 7%
$1,060,400
Cap Rate 9%
$824,756
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$927.9K – $1.24M
NOI $74,228 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,673 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
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Business Placement
Demographics for 48420, MI
21,771
Population
9,136
Households
2.4
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
328
Density / Sq Mi
$63,427
Median Household Income
$40,420
Median Earnings
$797
Median Rent
$177,800
Median Home Value
Check the figures for this property
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?
Apartment building - Three separate buildings include resident storage and on-site laundry facilities.
Where is this apartment building located?
The property is located at 3377 W Vienna Rd Clio, MI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 12 residential units across three buildings; 9,686 square feet of building area; On‑site laundry and additional storage
