$276,200
●
House -
Off Market
3506 Audrey Street
Spring Arbor, MI 49283
4 Beds
3 Baths
2,490 Ft²
$1,666
Est. Monthly
18.05%
Cap Rate
About This Property
Open House Canceled- OFFER ACCEPTED! Home is located in quiet
tucked away neighborhood near SAU. Stunning new kitchen featuring
open floorplan w/granite countertops, eat-in island, subway tile
backsplash, updated appliances & flooring. Lovely family room w/gas
fireplace overlooking the backyard. Great size primary suite
w/walk-in shower. All bathrooms have been updated. Main-level
laundry. Walkout basement w/kitchen, dining & living room. The
previous owner used to rent the basement to college students. 2.5
car insulated attached garage w/workbench & cabinets. Fridge in the
basement is included. Property is non-homestead. Furnace is
estimated 15 yrs old & newer hot water heater. Updated plumbing,
electrical, drywall, flooring & freshly painted & more! Request the
list of updat
Unit Size
2,490 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$108
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1960
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MichRIC MLS #24063047)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 26, 2025 | In contract | - | |
| In contract | |||
| Dec 16, 2024 | Listed by ERA REARDON REALTY, L.L.C. | $269,900 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
| Oct 29, 2024 | Sold | ||
| Sold | |||
| Sep 27, 2024 | Listed by ERA REARDON REALTY, L.L.C. | $195,000 | |
| Listed by ERA REARDON REALTY, L.L.C. | |||
| | |||
|
ESTATE SALE—PRICED WELL BELOW MARKET VALUE! Instant Equity & with a little TLC, you can capitalize even more MAJOR GAINS!! Located in Western Schools & walking distance to Spring Arbor University. The home features 4 BR/ 2.5 BA. The half bath is already plumbed for a shower, just add the insert & now you have 3 FULL BATHROOMS! Updated bathroom w/main level laundry. Another laundry hookup in the basement. Lovely family room w/gas fireplace overlooking the backyard. Walkout basement w/kitchen, dining & living area. The owner use to live on the main level & rent the basement to college students. 2.5 attached garage. Kitchen appliances & washer/Dryer are excluded from the sale. Fridge in basement is included. Property is non-homestead. Furnace is estimated 15 yrs old & newer hot water heater.
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Property Highlights
Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Spring Arbor
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Listed by: Julie Hackworth, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24063047
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24063047
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