$520,000
Est. payment /mo
1.58 Acres Lot
Active
7191 N Dort HWY Genesee Twp, MI 48458
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81026018373
Year Built 1942
Lot Size 1.580 Acres
Acres 1.58
Property Sub-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.
Location
State MI
County Genesee
Area Area08231Geneseetwp
Interior
Heating Natural Gas, Wall Furnace
Fireplace No
Exterior
Parking Features Gravel
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Lot Description Level
Foundation Slab
Sewer Public Sewer
Water Well
New Construction No
Schools
School District Mt Morris
Others
Acceptable Financing Cash, Conventional, VaLoan
Listing Terms Cash, Conventional, VaLoan
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Listed by Daniel DeCapua of RE/MAX Platinum
NEARBY SCHOOL & BUSINESS
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