$ 934,900
-
$934,900
Price -
16
Bed -
12
Bath -
8,337
SqFt -
0.5
Acre
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About the Listing 25248113 - 309422
Turn-key fully occupied 12 unit rental portfolio with proven income generation ready for new ownership. Incredible investment opportunity with a lucrative 7.2% CAP rate! Fully occupied (photos are from when units were renovated.) Three well maintained multifamily properties containing 12 total units in the heart of Mount Pleasant are being sold TOGETHER as one package deal. Located within walking distance of Central Michigan University, these properties offer an excellent opportunity for student rentals and investment potential. 109 W. Illinois St. (170000049400) offers 5 units, 304 S. Main St. (170000049300) offers 4 units, and 433 S. Washington St. (170000202900) offers 3 units. All three properties are ideally located near CMU, restaurants, shopping and public transit, and have a strong historical record of full occupancy, making this a compelling opportunity for investors seeking an established multifamily portfolio.
Listing Highlights
Interior Details
- Bedrooms: 16
- Bathrooms: 12 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 8337
- Below Ground Sq Ft: 2352
- Basement: Unfinished
- Other: Smoke Alarm,Cable Available,High Spd Internet Avail,2 Story,Forced Air,Pets Allowed
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 96x100xIrregular
- Zoning: Commercial,Multi-Family,Residential
- Roof: Asphalt
- Others: Lighting,Brick,Vinyl,Paved,Pub. Sidewalk
- Sewer: Sewer (Sewer-Sanitary)
- Parking Features: Lighted
Financial Details
- Tax Amount: $16,606
- Taxes w/Assessments: N/A
- Tax/Property ID: 170000049300
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
304 S Main St Mt. Pleasant, MI 48858
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