$375,000

501 S University, Mt Pleasant, MI 48858

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 days ago

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

Listing Status:
Active
Listing Office:
THE BRAVADO REALTY : 9894040000
Listing Agent:
Mike Henkel : 9894040000
MLS ID:
79080064147
  • Appliances: OvenRefrigeratorRange
  • Basement: BlockPartial
  • Flooring: Hardwood
  • A/C: Window units
  • Heating: Forced airHot waterNatural gas
  • Style: Apartment
  • Parking: DetachedGarage
  • General: TwoBasementBlockMichigan basement
  • Originating MLS: Central Michigan Association of REALTORS
  • School District: Mt pleasant
  • County: Isabella
  • Zoning: BENTLEY ADD LOT 5 BLOCK 8. NOTE: RENTAL - __ UNITS/__ OCC170000205200
  • Water: Public
  • Sewer: Public sewer
  • Source: Central Michigan Association of REALTORS

This listing courtesy of Mike Henkel, THE BRAVADO REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Fancher School

801 S Kinney Ave, Mount Pleasant, MI, 48858

Grades 3-5

0.38 miles away

M

Mt Pleasant Middle School

440 S Bradley St, Mount Pleasant, MI, 48858

Grades 5-8

1.19 miles away

K

Kinney School

720 N Kinney Ave, Mount Pleasant, MI, 48858

Grades 9-12

0.75 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.