501 S University

Mt. Pleasant, MI 48858
  • $329,900

    Price
  • 0.18

    Acre

About the Listing 79000000084003 - 79000000598272

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 Highlights

Status Active
Days on Site 298
Property Type Multi-Family
MLS ® 79080064147
Year Built 1900
Lot/Acreage 0.18
County Isabella
Neighborhood N/A
School District Mt. Pleasant

Interior Details

  • Appliances:
  • Air Cond: Window Unit(s)
  • Heating: Forced Air,Hot Water,Natural Gas
  • Fireplaces:
  • Floor:
  • Basement: Basement,Michigan Basement
  • Other: 2 Story,Forced Air,Hot Water,Pets Allowed
  • Water: Public (Municipal)

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 70x115
  • Zoning: Multi-Family
  • Roof:
  • Others:
  • Sewer: Sewer (Sewer-Sanitary)
  • Parking Features: Garage

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 170000205200
  • Tax Year: N/A

Payment Calculator

Monthly Payment

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Questions About..

501 S University Mt. Pleasant, MI 48858

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Originating MLS: Central Michigan Association of REALTORS®

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Terri Fenelon

Realtor/Associate Broker | Terri Fenelon Real Estate Group | Real Broker, LLC

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