Four-Unit Brick
725 Clark St, Brighton, MI 48116
For Sale
$700,000
Fully leased property with remodeled units, shared basement laundry, appliances, and air conditioning.
Property Size3,700 SF
Price / SF$189.19
Days on Market58
Property Features for 725 Clark St
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Amenities
on-site laundry
air conditioning
Building Details
Year Built
Construction
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 541-4000
Listed By:
In Network Real Estate Group
(248) 655-7955
Source:
Innetworkrealestate
Added: Sep 13
Changed: Nov 8
Last Checked: Nov 8 at 5:18AM
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 Keller Williams Realty-Great Lakes
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Investment Insights
Based on property information with market context.
This 1972 quadplex contains four residential units, each arranged with 2 bedrooms and 1 full bathroom. The units have been remodeled and include appliances and air conditioning. An all-brick exterior supports the building’s low-maintenance profile, while shared laundry facilities are located in the basement.
The property occupies a wooded lot at 725 Clark St in Brighton, Michigan, providing a private setting within the city. All four units are currently leased. The main sewer line has been replaced, and driveway work remains pending completion. Walk Score is 69 and Bike Score is 48.
The property occupies a wooded lot at 725 Clark St in Brighton, Michigan, providing a private setting within the city. All four units are currently leased. The main sewer line has been replaced, and driveway work remains pending completion. Walk Score is 69 and Bike Score is 48.
Key Highlights
- Four units, each with 2 bedrooms and 1 full bathroom
- All four units are currently leased
- Remodeled units include appliances and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,705
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,100
$674.1K
Cap Rate 7%
$481,500
$481.5K
Cap Rate 9%
$374,500
$374.5K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$51.1K $13.80/SF
− Vacancy
−$2.9K −$0.79/SF
EGI
$48.1K $13.01/SF
− OpEx
−$14.4K −$3.90/SF
NOI
$33.7K $9.11/SF
Area
Livingston County, MI
Vacancy
5.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,100
Cap Rate 7%
$481,500
Cap Rate 9%
$374,500
Alternative Uses
Best Use
Multifamily LT 5
$481.5K
$421.3K – $561.8K
NOI $33,705 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$442.7K
$387.4K – $516.5K
NOI $30,989 @ 7.0% cap · market cap 4.43%
Theoretical Best
Healthcare Medical
$589.4K
$515.7K – $687.6K
NOI $41,255 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
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Business Placement
Demographics for 48116, MI
26,942
Population
12,230
Households
2.2
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
36.9 sq mi
ZIP Area
730
Density / Sq Mi
$109,606
Median Household Income
$59,173
Median Earnings
$1,229
Median Rent
$355,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased property with remodeled units, shared basement laundry, appliances, and air conditioning.
Where is this quadplex located?
The property is located at 725 Clark St Brighton, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 full bathroom; All four units are currently leased; Remodeled units include appliances and air conditioning
