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6028 Vanderbilt Dr
Mount Morris, MI 48458
Vanderbilt Townhomes · Multifamily Property For Sale
·
144 Units
Investment Highlights
- 144 unit apartment complex
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $33,681 | Lot Size | 10.15 AC |
| Sale Type | Investment | Building Size | 141,512 SF |
| No. Units | 144 | Average Occupancy | 68% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1970/2021 |
| Apartment Style | Townhome | Parking Ratio | 1.41/1,000 SF |
| Building Class | C | ||
| Zoning | OS - Office Service District | ||
| Price Per Unit | $33,681 |
| Sale Type | Investment |
| No. Units | 144 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 10.15 AC |
| Building Size | 141,512 SF |
| Average Occupancy | 68% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2021 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | OS - Office Service District |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
Site Amenities
- 24 Hour Access
- Playground
- Property Manager on Site
- Security System
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 72 | - | 830 |
| 3+1 | 72 | - | 925 |
Property Taxes
| Parcel Number | 14-14-400-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $915,400 |
Property Taxes
Parcel Number
14-14-400-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$915,400
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