Remodeled Duplex with
For Sale
$179,900
Pending
7290 Engleman, Center Line, MI 48015
Two separate residences offer distinct layouts, shared laundry facilities, and a fenced backyard with a cement patio.
Property Size1,543 SF
Days on Market54
Property Features for 7290 Engleman
General Information
Standard status
Pending
Size
1,543 SF
Property subtype
Multi-Family
Units
Unit Mix
1B/1B, 2B/1B
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fenced in back yard
cement patio
Building Details
Year Built
1924
Listing Agency:
Condell Wonder Land
(989) 539-2771
Listed By:
Beyond MI Realty
(989) 214-2240
Source:
Beyondmirealty
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 16 at 8:24AM
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 Condell Wonder Land
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Investment Insights
Based on property information with market context.
Built in 1924, this duplex includes a remodeled first-floor residence with a new kitchen, granite countertops, included appliances, vinyl plank flooring, and abundant natural light. The lower unit has two bedrooms, one bathroom, and a large kitchen connected to dining and living areas. The upper residence provides one bedroom, one bathroom, a kitchen, and its own entrance.
A full basement contains laundry equipment serving both units, two water heaters, a newer furnace, a sump pump, and two updated electrical panels. The property also includes a fenced backyard and cement patio. Located at 7290 Engleman in Center Line, the home is within walking distance of a city park, near shopping and highway 696, and has a Walk Score of 57 and Bike Score of 53.
A full basement contains laundry equipment serving both units, two water heaters, a newer furnace, a sump pump, and two updated electrical panels. The property also includes a fenced backyard and cement patio. Located at 7290 Engleman in Center Line, the home is within walking distance of a city park, near shopping and highway 696, and has a Walk Score of 57 and Bike Score of 53.
Key Highlights
- Remodeled first‑floor unit with new kitchen, granite countertops, appliances, and vinyl plank flooring
- Upper unit includes 1B/1B layout, kitchen, separate entrance, and a long‑term tenant
- Lower unit offers 2B/1B configuration with large kitchen, dining area, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,334
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,680
$326.7K
Cap Rate 7%
$233,343
$233.3K
Cap Rate 9%
$181,489
$181.5K
Market Conditions
NOI Build-Up for 1,543 SF
Gross rent
$25.0K $16.20/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$23.3K $15.12/SF
− OpEx
−$7.0K −$4.54/SF
NOI
$16.3K $10.59/SF
Area
Macomb County, MI
Vacancy
6.65%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,680
Cap Rate 7%
$233,343
Cap Rate 9%
$181,489
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.2K – $272.2K
NOI $16,334 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$207.0K
$181.1K – $241.5K
NOI $14,491 @ 7.0% cap · market cap 8.06%
Theoretical Best
Specialty Retail
$288.9K
$252.8K – $337.0K
NOI $20,221 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
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Business Placement
Demographics for 48015, MI
8,552
Population
3,789
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
4,751
Density / Sq Mi
$52,857
Median Household Income
$45,326
Median Earnings
$627
Median Rent
$145,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer distinct layouts, shared laundry facilities, and a fenced backyard with a cement patio.
Where is this duplex located?
The property is located at 7290 Engleman Center Line, MI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Remodeled first‑floor unit with new kitchen, granite countertops, appliances, and vinyl plank flooring; Upper unit includes 1B/1B layout, kitchen, separate entrance, and a long‑term tenant; Lower unit offers 2B/1B configuration with large kitchen, dining area, and living room
