Country Cove Apartments 647 Buena Vista St 27 Unit Apartment Building $1,675,347 CAD ($62,050 CAD/Unit) 8.03% Cap Rate Mount Morris, MI 48458

Marcus & Millichap is pleased to present Country Cove Apartments, a well maintained 27-unit community consisting of one-bedroom, one bathroom units averaging 602 square feet. The property maintains strong historic occupancy with many long-term tenants, offering dependable in place cash flow. All utilities, including water, sewer, electricity, and gas are master-metered and currently paid by ownership, creating immediate upside through RUBS implementation or re-metering. Additional rent increases can further offset utility expenses and enhance returns. Country Cove has received significant recent capital improvements, including new boilers, a major boiler upgrade in 2018, new electrical panels in 2019, LED security lighting in 2023, new common area carpet in 2023, and new water heaters in 2025. One of the main roofs was replaced within
the last five years. The property also features an on-site laundry facility with owner operated machines for additional income. Centrally located near the W. Mount Morris Rd. and N. Saginaw St. intersection, the property offers a walkable downtown setting close to police and fire stations, schools, retail, and interstate access. Country Cove presents investors with a stable, well maintained asset and clear value-add potential.