Property profile

1038 Michigan St Baldwin, MI 49304

OFF-MARKET
Industrial properties
1,640 SF 0.18 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a well-maintained duplex situated in the heart of Baldwin, Michigan. The property boasts a total of 1,640 square feet situated on a 0.18-acre lot. The larger unit, spanning two floors, includes living quarters on both levels and two separate bathrooms. Recent upgrades (2021) encompass a new upstairs electrical system, furnace, ductwork, and water heater. The entire building's roof was also replaced in 2021, ensuring long-term structural integrity. The smaller unit, located on the main floor, features one bathroom. Both units are equipped with independent gas and electric meters, furnaces, and water heaters, offering efficient utility management and potential for increased rental income. Conveniently located within the village, the property enjoys proximity to local shopping and amenities. Currently, both units are leased and occupied, providing immediate cash flow. The sale is contingent upon existing tenant lease agreements. This property represents a strong investment opportunity with significant potential for future returns. The combination of recent updates, desirable location, and existing tenancy makes this a compelling proposition for discerning investors.

Property profile

Verified
Property type Industrial properties
Total area 1,640 SF
Lot 0.18 ac (7,841 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1038 Michigan St Baldwin, MI 49304
Baldwin metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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