Washington Township Condo for
For Sale
$181,000
67976 Van Dyke #16, Washington, MI 48095
Affordable condo near Romeo with finished basement and serene views.
Property Size986 SF
Days on Market339
Property Features for 67976 Van Dyke #16
General Information
Standard status
Active
Size
986 SF
Property subtype
Condominium
Amenities
Ceiling Fan(s)
Central A/C
Forced Air
Dishwasher
Dryer
Range/Oven
Refrigerator
Washer
Building Details
Building Size
986 SF
Year Built
1970
Stories
1
Listing Agency:
Berkshire Hathaway HomeServices Kee Realty Wash
Listed By:
Karen Betzing · License #6501387612
(586) 566-2200
Source:
Kw
Added: Nov 14, 2025
Changed: Oct 16
Last Checked: Oct 19 at 5:50AM
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 Berkshire Hathaway HomeServices Kee Realty Wash
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Investment Insights
Based on property information with market context.
This Washington Township condo offers an affordable living option within walking distance of the Village of Romeo. As a desirable end unit, it is situated in a serene, park-like setting, providing views from both the condo and the patio. The interior features two bedrooms and one and a half baths. A finished room in the basement offers additional space suitable for a hangout area, workout room, or craft room. Sidewalks provide direct access into town, allowing for a short walk to the amenities of Romeo.
Key Highlights
- Walking distance to the Village of Romeo.
- Affordable Washington Twp. condo.
- Desirable end unit in a serene, park‑like setting with beautiful views.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,260
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,200
$185.2K
Cap Rate 7%
$132,286
$132.3K
Cap Rate 9%
$102,889
$102.9K
Market Conditions
NOI Build-Up for 986 SF
Gross rent
$18.1K $18.36/SF
− Vacancy
−$1.3K −$1.29/SF
EGI
$16.8K $17.07/SF
− OpEx
−$7.6K −$7.68/SF
NOI
$9.3K $9.39/SF
Area
Macomb County, MI
Vacancy
7.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,200
Cap Rate 7%
$132,286
Cap Rate 9%
$102,889
Alternative Uses
Best Use
Apartment 5plus
$132.3K
$115.8K – $154.3K
NOI $9,260 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$184.6K
$161.5K – $215.4K
NOI $12,922 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 48095, MI
5,585
Population
2,086
Households
2.7
Avg Household Size
45
Median Age
36%
College-Educated
97%
High-School Grad
17.0 sq mi
ZIP Area
329
Density / Sq Mi
$121,713
Median Household Income
$52,726
Median Earnings
$796
Median Rent
$393,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Affordable condo near Romeo with finished basement and serene views.
Where is this apartment building located?
The property is located at 67976 Van Dyke #16 Washington, MI.
What is the asking price?
The asking price for this property is $181,000.
What are key features of this property?
This property features: Walking distance to the Village of Romeo.; Affordable Washington Twp. condo.; Desirable end unit in a serene, park‑like setting with beautiful views.
