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Ranch Condo with Finished Basement

4725 Leisure Trenton, MI 48183

Claim this Listing
For Sale
$137,900

Two-bedroom condo with finished basement, patio, and carport.

Type:Condominium
Property size:
1,101 SF
Price / SF:
$125/SF
Added:
Aug 26, 2025
Days on Market:
321
Last Refresh:
May 19 at 9:19 pm

Property Features for 4725 Leisure

General Information

Standard status
Active
Size
1,101 SF
Property subtype
Condominium

Building Details

Year Built
1971

Listing office Help U Sell Metro Detroit

Listing date Aug 26, 2025

Source Kw

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 Help U Sell Metro Detroit


Investment Insights

Based on property information with market context.

This ranch condo features 2 bedrooms and 1.5 bathrooms. The unit offers 1100 square feet of living space with a full basement providing an additional 1094 square feet. The property includes an extra-size patio that overlooks a park-like setting. The condo has neutral decor throughout. It also includes appliances, a newer furnace, and central air. Two carport parking spots are included. The condo complex provides a pool and grounds. Association fees cover outside insurance, maintenance, water, and gas.

Key Highlights

  • Ranch condo with full basement nearly doubling living space (1100 sq.ft. unit + 1094 sq.ft. basement).
  • Secluded location within the complex with an extra‑large patio overlooking a park‑like setting.
  • Includes 2 carport parking spots.

Local Financial Insights For Apartment 5plus

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 $17.40
− Vacancy −$1.1k −$1.01
EGI $18.0k $16.39
− OpEx −$8.1k −$7.38
NOI $9.9k $9.01
1,101 SF · lease $17.40/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$141.8K
$124.1K – $165.4K (±1% cap)
NOI $9,925 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$203.8K
$178.4K – $237.8K (±1% cap)
NOI $14,269 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Hair Salon Electrical Service Kitchen & Bath Showroom Big Box & Wholesale Store Spa & Massage Center Bakery HVAC Service Law Firm (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Two-bedroom condo with finished basement, patio, and carport.
Where is this apartment building located?
The property is located at 4725 Leisure Trenton, MI.
What is the asking price?
The asking price for this property is $137,900.
What are key features of this property?
This property features: Ranch condo with full basement nearly doubling living space (1100 sq.ft. unit + 1094 sq.ft. basement).; Secluded location within the complex with an **extra‑large patio overlooking a park‑like setting.**; Includes 2 carport parking spots.
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