7191 N Dort Highway, Mount Morris, MI 48458
- $510,000
- List Price
- $510,000
- Price Change
- ▼ $10,000 1793044247
- Days on Market
- 183
- MLS#
- 26018373
- Status
- ACTIVE
- Type
- Multifamily
Property Description
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.
Additional Information
- Owner Pays
- Electricity, Sewer, Trash Collection
- Taxes
- $3,772
- Acres
- 1.58
- Basement
- Slab
- Heating
- Wall Furnace
- Roofing
- Composition
- School District
- Mount Morris
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 10
- Utilities
- Extra Well, Natural Gas Connected, Cable Available
- Water
- Well
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Listing courtesy of Listing Agent: Daniel DeCapua from Listing Office: RE/MAX Platinum.
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