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4917 E Bennington Rd 9 Unit Apartment Building Offered at $453,213 CAD at a 10.40% Cap Rate Durand, MI 48429
Investment Highlights
- Multi-family investment opportunity
- Fully Occupied
- Located along the Shiawassee River
Executive Summary
Multi-family investment property along the Shiawassee River. This property features 3 buildings, totaling 9 units on 4.5 acres. The property offers a nice rural setting, along the Shiawassee River; convenient to Corunna/Owosso, Durand, Vernon, Bancroft and surrounding communities. Easy Access to I-69 which services Lansing to Flint.
Building 1 - 3 Apartments
Apt 1
2 bedroom upstairs, 1 bath, living area and kitchen 1st floor
Apt 2
2 bedroom upstairs, Full bath, kitchen, living room main floor
Apt. 3
3 bedroom, full bath, kitchen and living room, All one floor
Building 2 - 2 apartments
Apt# 4 upper level
1 bedroom, full bath, kitchen and living area
Apt #5. Lower level
1 bedroom, bath, kitchen and living area
Building 3 - "Barn" 4 Apartments
Apt.#6
2 bedroom +, Full bath, kitchen and living area
Apt. #7
2 levels; Upstairs 2 bedrooms,
Downstairs 1 bedroom, full bat kitchen and living room
Apt. 8
2 levels; 1 bedroom upstairs
Downstairs, 1 bedroom, kitchen, living room and full bath
Apt. 9
One level; 3 bedrooms, kitchen, full bath and living room
Building 1 - 3 Apartments
Apt 1
2 bedroom upstairs, 1 bath, living area and kitchen 1st floor
Apt 2
2 bedroom upstairs, Full bath, kitchen, living room main floor
Apt. 3
3 bedroom, full bath, kitchen and living room, All one floor
Building 2 - 2 apartments
Apt# 4 upper level
1 bedroom, full bath, kitchen and living area
Apt #5. Lower level
1 bedroom, bath, kitchen and living area
Building 3 - "Barn" 4 Apartments
Apt.#6
2 bedroom +, Full bath, kitchen and living area
Apt. #7
2 levels; Upstairs 2 bedrooms,
Downstairs 1 bedroom, full bat kitchen and living room
Apt. 8
2 levels; 1 bedroom upstairs
Downstairs, 1 bedroom, kitchen, living room and full bath
Apt. 9
One level; 3 bedrooms, kitchen, full bath and living room
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 011-11-501-095 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $295,776 CAD |
Property Taxes
Parcel Number
011-11-501-095
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$295,776 CAD
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4917 E Bennington Rd
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