905 907 HARCOURT Road Grosse Pointe, MI 48230
Large, well-maintained two-family home in desirable Windmill Pointe location.
Property Features for 905 907 HARCOURT Road
General Information
- Standard status
- Active
- Size
- 3,712 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing office Real Estate One Grosse Pointe (313) 595-1219
Listing date Apr 2, 2025
Source Exitrealty
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 Estate One Grosse Pointe
Investment Insights
Based on property information with market context.
Key Highlights
- Large two‑family property (almost 4,000 SF) in desirable Windmill Pointe location.
- Meticulously maintained with newer roof and mechanicals.
- Lower unit features hardwood floors, living room, family room with fireplace, 2 bedrooms, 2 baths, in‑unit laundry, bonus room/office.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.7k | $15.00 |
| − Vacancy | −$3.6k | −$0.98 |
| EGI | $52.1k | $14.03 |
| − OpEx | −$15.6k | −$4.21 |
| NOI | $36.4k | $9.82 |