Two-Story Duplex with Off-Street
For Sale
$425,000
8721 N 2nd St, Brighton, MI 48116
Two residences offer dedicated exterior access, with separate electric and gas utilities serving the unit layout.
Property Size2,041 SF
Lot Size0.27 Acres
Price / SF$208.23
Days on Market49
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 8721 N 2nd St
General Information
Standard status
Active
Size
2,041 SF
Lot size
0.27 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Real Broker, LLC
Listed By:
Charles Younkin
(586) 212-4866
Source:
Listbuysold
Added: Aug 28
Changed: Oct 3
Last Checked: Oct 7 at 3:55PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Built in 1900, this two-story duplex contains 2,041 square feet and is arranged as two separate residences. Each unit has its own exterior entrance, while separate electric and gas utilities are supported by two furnaces and two hot water heaters.
The property is located at 8721 N 2nd St in Brighton, Michigan, on a 0.27-acre fenced lot. Parking improvements include an oversized parking pad positioned alongside the building and two additional driveways, creating multiple off-street parking areas for the property.
The property is located at 8721 N 2nd St in Brighton, Michigan, on a 0.27-acre fenced lot. Parking improvements include an oversized parking pad positioned alongside the building and two additional driveways, creating multiple off-street parking areas for the property.
Key Highlights
- Two‑story duplex with 2,041 square feet
- Two separate units, each with a dedicated outside entrance
- Split electric and gas utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,592
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,840
$371.8K
Cap Rate 7%
$265,600
$265.6K
Cap Rate 9%
$206,578
$206.6K
Market Conditions
NOI Build-Up for 2,041 SF
Gross rent
$28.2K $13.80/SF
− Vacancy
−$1.6K −$0.79/SF
EGI
$26.6K $13.01/SF
− OpEx
−$8.0K −$3.90/SF
NOI
$18.6K $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%
$371,840
Cap Rate 7%
$265,600
Cap Rate 9%
$206,578
Alternative Uses
Best Use
Multifamily LT 5
$265.6K
$232.4K – $309.9K
NOI $18,592 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$244.2K
$213.7K – $284.9K
NOI $17,094 @ 7.0% cap · market cap 4.02%
Theoretical Best
Healthcare Medical
$325.1K
$284.5K – $379.3K
NOI $22,757 @ 7.0% cap · market cap 5.35%
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
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,435
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer dedicated exterior access, with separate electric and gas utilities serving the unit layout.
Where is this duplex located?
The property is located at 8721 N 2nd St Brighton, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑story duplex with 2,041 square feet; Two separate units, each with a dedicated outside entrance; Split electric and gas utilities
