6028 Vanderbilt Dr - Apartments FOR SALE


Mount Morris, MI 48458
$4,850,000 USD
310-633-3001
6028 Vanderbilt Dr, Mount Morris, MI for Sale
$4,850,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

6028 Vanderbilt Dr
Mount Morris, MI 48458


HIGHLIGHTS

  • 144 unit apartment complex

OVERVIEW

144 unit apartment complex featuring 18 buildings with on-site property management office located in Mt. Morris, Michigan in the northern metro Flint area. Current occupancy at 68%. Complex offers 72 two-bedroom, 1 bath units and 72 three-bedroom, 1 bath units. Each unit is two-stories with a full, unfinished basement and laundry hook-ups. The fenced in complex features a playground. Complex is located close to I-75 and I-475 providing quick access to the surrounding cities of Flint, Birch Run, Frankenmuth and Saginaw and is about an hour away from both Detroit and Lansing. Located within walking distance of area schools, community libraries, parks and churches. Seller financing not available.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$34 USD /SF

# OF UNITS

144

PRICE/UNIT

$33,681

CAP RATE

Request Cap Rate

% LEASED

68%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vanderbilt Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

200

LAND DETAILS

LAND ACRES

10.15 AC

LAND SF

442,134 SF

ZONING

OS

APN/PARCEL ID

14-14-400-002

ASK ABOUT THIS PROPERTY

Todd KostaWoodworth CommercialMore Info
310-633-3001

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Todd KostaWoodworth CommercialMore Info
310-633-3001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.