7191 N Dort Highway
Mount Morris, MI 48458
Multi Family · MLS # 81026018373 · Listing courtesy of RE/MAX Platinum
About this home
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.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Mount Morris
Over the last 90 days, 13 homes sold in Mount Morris for a median of $136,000, about $112 per square foot, and the typical one went under contract in 5 days. This home is listed at $510,000, and has been on the market 190 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Mount Morris sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $3,772 a year. A buyer who lives here would pay about $2,565 to $9,311 a year once the taxable value resets after the sale, at the 2025 homestead rate of 36.15 mills for Genesee Twp and Mt Morris schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 5:36 PM.