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5-Unit Apartment Building
For Sale
$229,900

12205 N Saginaw St, Mount Morris, MI 48458

Updated interiors and recent building improvements support an income-producing apartment property.

Property Size4,506 SF
Price / SF$51.02
Days on Market10

Property Features for 12205 N Saginaw St

General Information

Standard status Active
Size 4,506 SF
Property subtype Residential Income

Units

Unit Mix 4 x 2BR, 1 x 1BR
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $6,236
Listing Agency: C2C Real Estate Group
Listed By: Benjamin J Corcoran
Source: Exprealty
Added: Jul 31 Changed: Aug 9 Last Checked: Aug 9 at 9:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C2C Real Estate Group

Investment Insights

Based on property information with market context.

This 4,506-square-foot apartment building contains five units arranged as four two-bedroom residences and one one-bedroom residence. Unit improvements include refreshed flooring and remodeled bathrooms, while property-wide work includes basement waterproofing, new drain tile, a sump pump, and new gutters. The configuration provides a mix of larger and smaller apartments within one residential income property.

Located at 12205 N Saginaw St in Mount Morris, Michigan, the property is suited to an investor or an owner-occupant seeking a multi-unit residential asset. Rental income from the additional units can complement occupancy of one residence by the owner.

Key Highlights

  • Five‑unit apartment building totaling 4,506 square feet
  • Unit mix includes four two‑bedroom apartments and one one‑bedroom apartment
  • Basement waterproofing completed with new drain tile and sump pump

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service Barber Shop Gym & Fitness Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

234
Businesses Nearby

Demographics for 48458, MI

19,699
Population
9,136
Households
2.2
Avg Household Size
39
Median Age
8%
College-Educated
87%
High-School Grad
35.7 sq mi
ZIP Area
552
Density / Sq Mi
$43,496
Median Household Income
$32,122
Median Earnings
$896
Median Rent
$87,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated interiors and recent building improvements support an income-producing apartment property.
Where is this apartment building located?
The property is located at 12205 N Saginaw St Mount Morris, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Five‑unit apartment building totaling 4,506 square feet; Unit mix includes four two‑bedroom apartments and one one‑bedroom apartment; Basement waterproofing completed with new drain tile and sump pump
More about this property
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