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Vanderbilt Townhomes 6028 Vanderbilt Dr 144 Unit Apartment Building $6,662,542 CAD ($46,268 CAD/Unit) Mount Morris, MI 48458
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 | $6,662,542 CAD | Building Class | C |
| Price Per Unit | $46,268 CAD | 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 |
| Zoning | OS - Office Service District | ||
| Price | $6,662,542 CAD |
| Price Per Unit | $46,268 CAD |
| 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 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 14-14-400-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,257,503 CAD |
Property Taxes
Parcel Number
14-14-400-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,257,503 CAD
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Vanderbilt Townhomes | 6028 Vanderbilt Dr
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