Ranch-Style
For Sale
$294,900
Pending
803 Randy Lane, Saint Johns, MI 48879
One-owner duplex with established tenants and city rental inspections current through 2029.
Property Size1,792 SF
Days on Market82
Property Features for 803 Randy Lane
General Information
Standard status
Pending
Size
1,792 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Construction
Ranch
Listing Agency:
RE/MAX Real Estate Professionals Dewitt
(517) 669-8118
Listed By:
Wayne Petersen
(517) 204-5039
Source:
Exprealty
Added: Aug 4
Changed: Oct 13
Last Checked: Oct 23 at 7:25AM
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 RE/MAX Real Estate Professionals Dewitt
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.
This one-owner ranch-style duplex contains 1,792 square feet and has an established rental history supported by long-term tenants. City rental inspections are current through 2029, providing a documented inspection status for the property.
Located at 803 Randy Lane in St. Johns, the duplex is near the milk plant, downtown area, US27, and M21. The highway access provides a commuter-oriented location, while showings require 24-hour notice.
Located at 803 Randy Lane in St. Johns, the duplex is near the milk plant, downtown area, US27, and M21. The highway access provides a commuter-oriented location, while showings require 24-hour notice.
Key Highlights
- 1,792‑square‑foot ranch‑style duplex
- One‑owner property with long‑term tenants
- Established rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,186
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,720
$323.7K
Cap Rate 7%
$231,229
$231.2K
Cap Rate 9%
$179,844
$179.8K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$24.7K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$23.1K $12.90/SF
− OpEx
−$6.9K −$3.87/SF
NOI
$16.2K $9.03/SF
Area
Clinton County, MI
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,720
Cap Rate 7%
$231,229
Cap Rate 9%
$179,844
Alternative Uses
Best Use
Multifamily LT 5
$231.2K
$202.3K – $269.8K
NOI $16,186 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$207.6K
$181.7K – $242.2K
NOI $14,533 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$364.8K
$319.2K – $425.6K
NOI $25,533 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 48879, MI
17,980
Population
7,521
Households
2.4
Avg Household Size
42
Median Age
23%
College-Educated
95%
High-School Grad
191.3 sq mi
ZIP Area
94
Density / Sq Mi
$78,845
Median Household Income
$46,934
Median Earnings
$884
Median Rent
$215,100
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
Frequently Asked Questions
What type of property is this?
Duplex - One-owner duplex with established tenants and city rental inspections current through 2029.
Where is this duplex located?
The property is located at 803 Randy Lane Saint Johns, MI.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 1,792‑square‑foot ranch‑style duplex; One‑owner property with long‑term tenants; Established rental history
