Building Details

Building Size 3,149 SF

Year Built 1930

Listing Agency: America's Premiere Realty Inc

Listed By: Darlene Blaker Show Phone

Source: Upwards.kw

Added: Apr 22 Changed: Oct 1 Last Checked: Oct 16 at 5:48AM

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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 America's Premiere Realty Inc

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Investment Insights

Based on property information with market context.

Three homes are available for sale in Goodrich. The property at 6378 Gale was updated in 2025, featuring three bedrooms and two bathrooms. Updates include the kitchen, bathrooms, carpet, vinyl floors, paint, and A/C, along with new basement windows. The master bedroom has a private entrance to the fenced backyard. An oversized two-car garage includes a new overhead opener with keypad entry and two remotes, plus an attached shed for extra storage. This home also features first-floor laundry and a Michigan basement for additional storage. The property at 6376 Gale was updated in 2024 and includes two bedrooms and one bathroom, with updates to the kitchen and bath, new flooring, and fresh paint throughout. This home sits on a crawl space and offers a finished loft and shed for storage. The remodel of 6382 Gale was completed in 2026 and includes a new kitchen, updated bath, new flooring, light fixtures, and paint throughout. The basement and shed offer ample storage. This two-bedroom, one-bath home is currently listed for lease at $1,200 a month. Potential options for this parcel include using it as an income investment, living in one house and renting out the other two, or accommodating an extended family.

Key Highlights

• Three well‑maintained homes on one parcel, offering multiple living options.
• Potential for income generation through renting two of the homes.
• Ideal for extended families needing separate living spaces.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,132

Cap Rate

4.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$482,640 $482.6K

Cap Rate 7%

$344,743 $344.7K

Cap Rate 9%

$268,133 $268.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,149 SF

Gross rent

$46.5K $14.76/SF

− Vacancy

−$2.6K −$0.83/SF

EGI

$43.9K $13.93/SF

− OpEx

−$19.7K −$6.27/SF

NOI

$24.1K $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%

$482,640

Cap Rate 7%

$344,743

Cap Rate 9%

$268,133

Alternative Uses

Best Use

Apartment 5plus

$344.7K

$301.7K – $402.2K (±1% cap)

NOI $24,132 @ 7.0% cap · market cap 4.69%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$662.6K

$579.8K – $773.1K (±1% cap)

NOI $46,384 @ 7.0% cap · market cap 9.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Building Supply Plumbing Service Kitchen & Bath Showroom Pet Store & Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Explore this area Business Placement

Demographics for 48411, MI

219

Population

29

Households

7.6

Avg Household Size

35

Median Age

100%

High-School Grad

0.3 sq mi

ZIP Area

730

Density / Sq Mi

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?

Multifamily property - Three well-maintained homes with updates, offering multiple living options.

Where is this multifamily property located?

The property is located at 6378 GALE Road Atlas, MI.

What is the asking price?

The asking price for this property is $515,000.

What are key features of this property?

This property features: Three well‑maintained homes on one parcel, offering multiple living options.; Potential for income generation through renting two of the homes.; Ideal for extended families needing separate living spaces.