3-Bedroom Residential
7118 Mapleview Circle West, Brown City, MI 48416
For Sale
$74,900
The 2018 home includes an attached carport, a storage shed, and a perimeter-lot setting.
Property Size1,100 SF
Price / SF$68.09
Days on Market200
Property Features for 7118 Mapleview Circle West
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
central air
storage shed
Central Air
Natural Gas, Forced Air
Dishwasher, Microwave, Refrigerator, Gas Water Heater, Range, Oven
Yes
No
Gas
2
3
Eat-in Kitchen
Street Lights, Clubhouse, Playground
Clubhouse, Playground
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Kee Realty NB
Listed By:
Olivia Brancato · License #6501449604
(586) 612-3013
Source:
Compass
Added: Apr 24
Changed: Nov 4
Last Checked: Nov 8 at 7:55AM
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 NB
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2018, this 1,100-square-foot residential property has three bedrooms and two bathrooms. Interior features include vinyl flooring, central air, an eat-in kitchen, and a primary suite with a walk-in shower. The home also has 2x6 exterior wall construction, an attached carport, a newer driveway, and a storage shed.
The property occupies a perimeter lot within a community with street lights, a clubhouse, and a playground.
The property occupies a perimeter lot within a community with street lights, a clubhouse, and a playground.
Key Highlights
- Built in 2018 with 1,100 square feet
- Three bedrooms and two bathrooms
- Perimeter‑lot setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,343
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$106,860
$106.9K
Cap Rate 7%
$76,329
$76.3K
Cap Rate 9%
$59,367
$59.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$10.6K $9.60/SF
− Vacancy
−$845 −$0.77/SF
EGI
$9.7K $8.83/SF
− OpEx
−$4.4K −$3.97/SF
NOI
$5.3K $4.86/SF
Area
Sanilac County, MI
Vacancy
8.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$106,860
Cap Rate 7%
$76,329
Cap Rate 9%
$59,367
Alternative Uses
Best Use
Apartment 5plus
$76.3K
$66.8K – $89.1K
NOI $5,343 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.6K
$204.4K – $272.6K
NOI $16,353 @ 7.0% cap · market cap 21.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 48416, MI
4,906
Population
2,068
Households
2.4
Avg Household Size
42
Median Age
13%
College-Educated
88%
High-School Grad
113.8 sq mi
ZIP Area
43
Density / Sq Mi
$68,650
Median Household Income
$38,405
Median Earnings
$854
Median Rent
$212,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The 2018 home includes an attached carport, a storage shed, and a perimeter-lot setting.
Where is this residential income property located?
The property is located at 7118 Mapleview Circle West Brown City, MI.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Built in 2018 with 1,100 square feet; Three bedrooms and two bathrooms; Perimeter‑lot setting
