Multifamily Property: Investment
For Sale
$135,000
8033 JACKSON Ave, Warren, MI 48089
Two units, tenant-occupied and vacant, great investment opportunity.
Property Size1,250 SF
Days on Market193
Property Features for 8033 JACKSON Ave
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,030
Building Details
Building Size
1,250 SF
Year Built
1965
Units
2
Listing Agency:
SCS Great Lakes INC
Listed By:
Kevin Mahone · License #6501414475
(586) 541-4000
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Nov 1 at 7:11AM
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 SCS Great Lakes INC
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Investment Insights
Based on property information with market context.
This multifamily property presents an investment opportunity, featuring two units, each with 2 bedrooms and 1 full bathroom. The upper unit is currently tenant-occupied with a reliable tenant, providing immediate rental income. The lower unit is vacant and ready for occupancy. Each tenant is responsible for their own utilities, with water expenses billed back to enhance cash flow. Recent updates include a newer HVAC system and water heater. Tenants handle snow removal, and lawn maintenance is minimal. The property is located near shopping, dining, and major roadways. The bike score is 63, indicating it is bikeable, and the walk score is 77, indicating it is very walkable.
Key Highlights
- Immediate rental income from tenant‑occupied upper unit.
- Vacant lower unit is ready for occupancy.
- Tenants pay their own utilities, with water billed back.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,272
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,440
$245.4K
Cap Rate 7%
$175,314
$175.3K
Cap Rate 9%
$136,356
$136.4K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$18.8K $15.00/SF
− Vacancy
−$1.2K −$0.98/SF
EGI
$17.5K $14.03/SF
− OpEx
−$5.3K −$4.21/SF
NOI
$12.3K $9.82/SF
Area
Warren, MI
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,440
Cap Rate 7%
$175,314
Cap Rate 9%
$136,356
Alternative Uses
Best Use
Multifamily LT 5
$175.3K
$153.4K – $204.5K
NOI $12,272 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$163.2K
$142.8K – $190.4K
NOI $11,424 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$275.8K
$241.3K – $321.7K
NOI $19,303 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two units, tenant-occupied and vacant, great investment opportunity.
Where is this duplex located?
The property is located at 8033 JACKSON Ave Warren, MI.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Immediate rental income from tenant‑occupied upper unit.; Vacant lower unit is ready for occupancy.; Tenants pay their own utilities, with water billed back.
