7191 N Dort Highway, Mount Morris, Michigan, 48458
1.58 Acres
9 bd
#26018373
Fully occupied 10-unit investment opportunity across five buildings on 1.58 acres, including two single-family homes, two triplexes and one duplex. Offering an approximate 10.5% current cap rate with potential to reach 12.5% through rent growth. Recent improvements include two new roofs, four new water heaters, a new water-treatment system, updated appliances, multiple unit turns, security cameras and new laundry equipment. Strong cash flow with clear value-add potential. Financials available upon request. Buyer to verify all information.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Cable Available, Natural Gas Connected, Water Connected
- Water Source : Private, Well
- Sewer : Public Sewer
- Parking Features: Driveway, Gravel
- Parking Total: 10
- Heating on Property:
- Heating : Natural Gas, Wall Furnace
- Construction Materials: Aluminum Siding
- Roof: Composition
- Road Surface Type: Paved
PROPERTY DETAILS
ID: 26018373
Status: Active
Price: $510,000
Acres: 1.58 Acres
Price Per Acre: $322,785
Type: Multi-family
Address: 7191 N Dort Highway
City, State: Mount Morris, Michigan
County: Genesee
Zip Code: 48458
Lat/Long: 43.110271, -83.676498
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