$524,900
South Summerton Apts
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,780
Units 7
Cap Rate 7.78%
NOI $40,811
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.37%
Pro-Forma NOI $43,931
Price per SqFt $91
Year Built 1980
Year Renovated 2018
Buildings 2
Acreage 1.500
Zoning Residential
Investment Type Value Add
Multifamily | 7 Units | $74,986/unit
Marketing description
We are pleased to present South Summerton Apts, a 7-unit apartment community strategically located at 3467 South Summerton Road in Mount Pleasant, Michigan. This exceptional multifamily asset offers investors a rare opportunity to acquire a well-maintained residential property in one of the region's strongest rental markets.
Investment highlights
- South Summerton Apts is a 7-unit multifamily community comprising 5780 total square feet on a 1.5-acre site in Mount Pleasant, MI.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,811.00
$3,400.92/mo
Valuation Metrics
0
DSCR
7.78%
Cap Rate
7.78%
ROI
Map
Zoning
AG AgricultureAgriculture
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View all 22 uses
View all 22 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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