Duplex Property With Separate
New
For Sale
$92,700
402 Black St, Caro, MI 48723
Occupied first-floor apartment with a separate second-floor entrance and renovation-based expansion potential.
Property Size1,634 SF
Days on Market2
Property Features for 402 Black St
General Information
Standard status
Active
Size
1,634 SF
Property subtype
Investment
Financials
Gross Income
$9,000
Average Monthly Rent
$750
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,397
Amenities
in-unit laundry
Building Details
Building Size
1,634 SF
Year Built
9999
Units
2
Listing Agency:
(313) 449-8570
Listed By:
Robert S Brabb
(313) 449-8570
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 11:34AM
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 Robert S Brabb
Investment Insights
Based on property information with market context.
This duplex property at 402 Black St in Caro, MI includes an occupied first-floor apartment with three bedrooms, one bathroom, a kitchen, living room, and in-unit laundry. The residence is currently operating as one rental unit, while the upper level has its own entrance and separate gas service.
The second floor may be configured as a one-bedroom apartment or additional rental space following renovation. Its electrical service is disconnected and requires evaluation and completion, and work has begun on replacing the primary cast-iron drain line. The property may also suit an owner-occupant seeking separate living and rental areas. Buyers and agents should verify zoning, permitted use, rental certification, utility services, and requirements for legally occupying the upper level.
The second floor may be configured as a one-bedroom apartment or additional rental space following renovation. Its electrical service is disconnected and requires evaluation and completion, and work has begun on replacing the primary cast-iron drain line. The property may also suit an owner-occupant seeking separate living and rental areas. Buyers and agents should verify zoning, permitted use, rental certification, utility services, and requirements for legally occupying the upper level.
Key Highlights
- Three‑bedroom, one‑bath first‑floor apartment with kitchen, living room, and in‑unit laundry
- Separate entrance and gas service serve the second floor
- Upper level may be converted into a one‑bedroom apartment after renovations
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 48723, MI
11,953
Population
5,175
Households
2.3
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
131.8 sq mi
ZIP Area
91
Density / Sq Mi
$56,618
Median Household Income
$40,543
Median Earnings
$737
Median Rent
$131,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied first-floor apartment with a separate second-floor entrance and renovation-based expansion potential.
Where is this duplex located?
The property is located at 402 Black St Caro, MI.
What is the asking price?
The asking price for this property is $92,700.
What are key features of this property?
This property features: Three‑bedroom, one‑bath first‑floor apartment with kitchen, living room, and in‑unit laundry; Separate entrance and gas service serve the second floor; Upper level may be converted into a one‑bedroom apartment after renovations
