34
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$375,000
Est. payment /mo
7,840 Sqft Lot
Active
501 S University Mount Pleasant, MI 48858-0000
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 80064147
Style 2 Story
Year Built 1900
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 70x115
Property Sub-Type Multi-Family
Property Description
Fully Occupied 5-Unit Investment Property on a Corner Lot with Proven Rental History. Fully leased until 2027, with management with good track record in place! Exceptional investment opportunity! This fully occupied 5-unit multifamily property sits proudly on a prime corner lot, offering excellent visibility and curb appeal. With a strong rental history and stable, long-term tenants, this property delivers consistent cash flow and minimal vacancy. Each unit is well-maintained and thoughtfully designed, featuring functional layouts that attract and retain quality renters. The property has been professionally managed and regularly updated, ensuring low maintenance costs and tenant satisfaction. Additional highlights include separate utilities, ample off-street parking, and a convenient location close to public transportation, shopping, and local amenities. Whether you’re a seasoned investor or looking to expand your portfolio, this turnkey property offers immediate income and long-term growth potential. Don’t miss your chance to own a solid, income-producing asset in a desirable neighborhood! Unit 1 800 square foot 3 bed 1 bath Unit 2 700 square foot 2 bed 1 bath Unit 3 900 square foot 3 bed 1 bath Unit 4 450 square foot 1 bed 1 bath Unit 5 1000 square foot 4 bed 1 bath Rents Currently $500-$900 per month Leases are signed in place until 2027
Location
State MI
County Isabella
Area Mount Pleasant (37018)
Zoning Multi-Family
Rooms
Basement Block, MI Basement, Partial
Interior
Interior Features Hardwood Floors
Heating Forced Air, Hot Water
Cooling Window Unit(s)
Appliance Range/Oven, Refrigerator
Exterior
Parking Features Detached Garage
Amenities Available Pets-Allowed
Building
Story 2 Story
Water Public Water
Schools
School District Mt Pleasant City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Exchange/Trade,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by THE BRAVADO REALTY
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