7351 N Dort Highway $625,000

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    7351 N Dort Highway Mount Morris, MI 48458

    • 0 Beds
    • 0 Baths
    • 5,890 sq. ft.
    • Multi-Family
    • MLS# 70414722
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    Views: 47 Days On Site: 142

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    Property Details

    Fully occupied 10-unit apartment building. Please see docs for financials. Low expenses, slightly below market rents on the majority of units with room to increase. Minor improvements could increase NOI over time. Public sewer with a private well. Tenants pay separately metered electricity.

    • General Features
      • Acreage 0.58
      • Area Municipality Genesee Twp (25010)
      • County Genesee
      • Originating MLS Greater Metropolitan Association of REALTORS
      • Waterfront Y/N No
      • Year Built 1959
    • Building Features
      • Cooling System None
      • Exterior Construction Brick
      • FUEL TYPE Natural Gas
      • Foundation Type Slab
      • Heating System Forced Air
    • Property Features
      • Sewer Septic Public Sanitary
      • Roads City/County, Paved Street
      • Lot Size 100 x 254

    Neighborhood

    48458 (Mount Morris) Demographics

    39 Median Age
    531 Population Density (per sq. mile)
    15% College Educated
    $40,483 Estimated Median Income
    5,346 Estimated Total Home Owners
    2,584 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    18,712 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $133,000 Median Sales Price
    11 Homes Sold
    19 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $625,000
        6/24/2024 6:53:00 PM New in Database Source: Multiple Listing Service New Value: $625,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.