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Residential Duplexes in Constantine, MI
For Sale
$484,500
Pending

488 Florence Road, Constantine, MI 49042

Two well-maintained duplexes generating $4100 monthly gross revenue.

Property Size4,000 SF
Days on Market192

Property Features for 488 Florence Road

General Information

Standard status Pending
Size 4,000 SF
Property subtype Residential Income / Multi Family
Zoning RES

Taxes and HOA fees

Annual Taxes $5,445

Amenities

Central Air, Yes
Forced Air, Yes
No
Forced Air
Natural Gas
Central Air
Other
0.0
Composition
Paved, Public
Slab
Vinyl Siding

Building Details

Year Built 2001
Units 4
Listing Agency: HG Real Estate
Listed By: Garrett Hall · License #6502432494
Source: Compass
Added: Apr 17 Changed: Oct 22 Last Checked: Oct 24 at 8:56PM

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 HG Real Estate

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Investment Insights

Based on property information with market context.

Two well-maintained duplexes are located in a residential neighborhood. One unit features 3 bedrooms and 1.5 bathrooms, with main floor laundry. The other unit includes 2 bedrooms and 1 bathroom, also with laundry. Each unit has central air. The ranch unit has a 1-car attached garage. Tenants are responsible for all utilities, including water, sewer, and trash. The duplexes generate a gross monthly revenue of $4100. Additional properties are available for sale, including another duplex on an adjacent parcel and an adjacent four-unit building. The total gross monthly income for all properties is $7225.

Key Highlights

  • Gross monthly revenue of $4100 from the two duplexes.
  • Tenants pay all utilities, including water, sewer, and trash.
  • One unit features 3 bedrooms, 1 1/2 baths, and main floor laundry.

Property Analytics

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Location Intelligence

Trade Area within ½ mile

105
Businesses Nearby

Demographics for 49042, MI

4,641
Population
2,000
Households
2.3
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
57.1 sq mi
ZIP Area
81
Density / Sq Mi
$72,536
Median Household Income
$44,656
Median Earnings
$780
Median Rent
$161,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two well-maintained duplexes generating $4100 monthly gross revenue.
Where is this duplex located?
The property is located at 488 Florence Road Constantine, MI.
What is the asking price?
The asking price for this property is $484,500.
What are key features of this property?
This property features: Gross monthly revenue of $4100 from the two duplexes.; Tenants pay all utilities, including water, sewer, and trash.; One unit features 3 bedrooms, 1 1/2 baths, and main floor laundry.
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