4253 Main Street Brown City, MI 48416
MULTI_FAMILY - Other - Brown City, MI
Property Features for 4253 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
- Pets allowed
- Call
- Interior features
- Laundry Facility
- Standard status
- Active
- APN
- 30014000400100
- Size
- 1,400 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- R. G. BROWNS DIV. OF BROWN CITY N 70 FT OF LOT 1 BLK 4
- Tax Annual Amount
- 1900
Utilities
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Rebecca Vincent (734) 513-2166
Listing office Elite Realty 34369 Plymouth Road, Livonia, MI (734) 513-2166
Listing date Jul 14, 2026
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Investment Insights
Based on property information with market context.
The building has been well maintained, including a recently installed Duro-Last roof. Additional exterior improvements include a metal roof on the overhang within the last few years and new soffits.
The property is currently rented with long-term tenants in place. Tenants’ rights apply to showings and possession.
Key Highlights
- 2‑unit building with both units currently rented to long‑term tenants
- One unit is a beauty salon (salon fixtures/equipment are property of the salon owner)
- Second unit is a 2‑bedroom/1‑bath apartment with in‑unit laundry
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 | $11.9k | $8.52 |
| − Vacancy | −$907 | −$0.65 |
| EGI | $11.0k | $7.87 |
| − OpEx | −$3.3k | −$2.36 |
| NOI | $7.7k | $5.51 |
