7134 N Dort Hwy - Apartments FOR SALE


Mount Morris, MI 48458- Mt Morris
$399,000 USD
517-487-9222
7134 N Dort Hwy, Mount Morris, MI for Sale
$399,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

7134 N Dort Hwy
Mount Morris, MI 48458
Mt Morris


HIGHLIGHTS

  • 12-unit single-story apartment building plus additional rented home, generating multiple income sources.
  • Situated on 1.64 acres, providing potential space for upgrades, enhancements, or long-term repositioning.
  • Affordable acquisition price at $399,000 with receivership offering potential competitive advantage for investors
  • Located near downtown Mount Morris with strong accessibility to shopping, services, and major roadways.
  • Attractive value-add scenario through improved management practices and rental optimization.
  • Stable multifamily demand in the region with strong workforce and residential tenant appeal.

OVERVIEW

7134 N Dort Highway in Mount Morris, Michigan, represents an exceptional multifamily investment opportunity positioned in a quiet, accessible setting just southeast of downtown Mount Morris. Priced at $399,000, this 2,595-square-foot property consists of a 12-unit, single-story apartment building complemented by an adjacent rented home on approximately 1.64 acres of land. The property layout is functional and easily manageable, catering to steady occupancy with diversified income streams across multiple rental units. Offered as part of a receivership sale, the transaction will require court approval, creating notable potential for investors to acquire a value-add asset with favorable pricing. Strategic enhancements and operational efficiencies present opportunities to increase revenue and long-term property performance. With proximity to local amenities, retail corridors, and regional thoroughfares, this multifamily property offers reliable connectivity while maintaining a country feel, making it appealing for both workforce housing and smaller household demand.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

12

PRICE/UNIT

$33,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

Commercial

APN/PARCEL ID

11-08-551-040

ASK ABOUT THIS PROPERTY

Dave RobinsonNAI Mid-MichiganMore Info
517-487-9222

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Dave RobinsonNAI Mid-MichiganMore Info
517-487-9222

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