Four-Unit Brick
New
For Sale
$700,000
725 Clark St, Brighton, MI 48116
Fully leased property with remodeled units, shared basement laundry, appliances, and air conditioning.
Property Size3,700 SF
Price / SF$189.19
Days on Market3
Property Features for 725 Clark St
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
on-site laundry
air conditioning
Building Details
Year Built
1972
Construction
all-brick
Listing Agency:
The Gordon Realty Group
(248) 342-4000
Listed By:
In Network Real Estate Group
(248) 655-7955
Source:
Innetworkrealestate
Added: Sep 13
Changed: Sep 14
Last Checked: Sep 15 at 8:17AM
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 The Gordon Realty Group
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,705
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
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
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
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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
