4169 Morton Ln, Stevensville, MI 49127
Completely updated two-unit brick duplex offers in-unit laundry, attached garages, private patios, and full basements.
- Added:
- Jun 1, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 6 at 3:04 am
Property Features for 4169 Morton Ln
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1968
Listing agent Ryan D Green License #6501325481 (269) 208-4139
Listing office green towne coastal realty (269) 208-4139
Listing date Jun 1, 2026
Source Elliman
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HighLights
- Completely updated brick duplex built in 1968, offering two residential units on one property
- Each unit has 2 bedrooms, 1.5 bathrooms, and approximately 1,100 SF of living space
- Main‑floor laundry in each unit, plus an attached 1‑car garage per unit
- Private patios, full basements, and generous backyard space for both units
- Recent updates include new public water lines, updated flooring, newer furnaces, central air, and insulated garage doors
- Roof replacement approximately 14 years ago
Overview
The property is located in Lincoln Charter Township and is positioned near Stewart Elementary School in the Lakeshore School District. The surrounding area includes recreational options such as Township Beach, Glenlord Lake Lookout Point, and Grand Mere State Park, along with nearby dining at Tosi's Restaurant.
For buyers seeking a turn-key residential income property, this asset combines updated interiors and mechanicals with practical unit amenities like private outdoor space and basements. Documented improvements include new public water lines, updated flooring, newer furnaces and central air conditioning units, insulated garage doors, and a roof replacement completed approximately 14 years ago. The combination of maintenance history and functional layouts can support straightforward rental use for the right investor or owner-operator.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.4k | $13.80 |
| − Vacancy | −$1.6k | −$0.73 |
| EGI | $28.7k | $13.07 |
| − OpEx | −$8.6k | −$3.92 |
| NOI | $20.1k | $9.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Stevensville
- County
- Berrien
- State
- Michigan
- Longitude
- -86.51923
- Latitude
- 42.04183
