Duplex With Detached
For Sale
$169,900
8315 N Saginaw Rd, Mount Morris, MI 48458
Two-level residential income property with separate bedroom groupings, outdoor storage, and a fenced acreage setting.
Property Size1,672 SF
Price / SF$101.61
Days on Market64
Property Features for 8315 N Saginaw Rd
General Information
Standard status
Active
Size
1,672 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,250
Listing Agency:
REMAX Town & Country
(810) 659-6300
Listed By:
Sue A Bully · License #6501132329
(810) 691-4370
Source:
Exprealty
Added: Aug 25
Changed: Oct 25
Last Checked: Oct 26 at 4:25PM
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 REMAX Town & Country
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Investment Insights
Based on property information with market context.
This duplex-style property offers a five-bedroom layout arranged across two levels, with three bedrooms on the lower floor and two bedrooms above. The building provides 1,672 of reported property size, while the site extends over 1.2 acres. Exterior improvements include a detached garage, storage shed, garden area, and fencing along two sides of the property.
Located at 8315 N Saginaw Rd in Mount Morris, the property sits adjacent to Speedway and AutoZone. The combination of a two-level configuration, substantial land area, and accessory improvements supports residential income use.
Located at 8315 N Saginaw Rd in Mount Morris, the property sits adjacent to Speedway and AutoZone. The combination of a two-level configuration, substantial land area, and accessory improvements supports residential income use.
Key Highlights
- Five‑bedroom configuration with 3 bedrooms downstairs and 2 bedrooms upstairs
- Over 1.2 acres of land
- Detached garage, storage shed, and garden area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,361
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,220
$287.2K
Cap Rate 7%
$205,157
$205.2K
Cap Rate 9%
$159,567
$159.6K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$21.7K $12.96/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$20.5K $12.27/SF
− OpEx
−$6.2K −$3.68/SF
NOI
$14.4K $8.59/SF
Area
Genesee County, MI
Vacancy
5.32%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,220
Cap Rate 7%
$205,157
Cap Rate 9%
$159,567
Alternative Uses
Best Use
Multifamily LT 5
$205.2K
$179.5K – $239.4K
NOI $14,361 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$183.0K
$160.2K – $213.6K
NOI $12,813 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$351.8K
$307.9K – $410.5K
NOI $24,628 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential income property with separate bedroom groupings, outdoor storage, and a fenced acreage setting.
Where is this duplex located?
The property is located at 8315 N Saginaw Rd Mount Morris, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Five‑bedroom configuration with 3 bedrooms downstairs and 2 bedrooms upstairs; Over 1.2 acres of land; Detached garage, storage shed, and garden area
