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$ 375,000
New
501 S University Mount Pleasant, MI 48858
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
MLS Listing ID 79080064147
Style Apartment
Year Built 1900
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type MultiFamily
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 Area37112Mountpleasant
Rooms
Basement Block, Partial
Interior
Heating ForcedAir, HotWater, NaturalGas
Cooling WindowUnits
Flooring Hardwood
Fireplace No
Exterior
Parking Features Detached, Garage
View Y/N No
Building
Foundation Basement, Block, MichiganBasement
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Mtpleasant
School District Mtpleasant
Others
Acceptable Financing Cash, FHA, Trade1031Exchange, VaLoan
Listing Terms Cash, FHA, Trade1031Exchange, VaLoan
Special Listing Condition Standard
Pets Allowed Yes
©2025 Realcomp II Ltd. Shareholders
Listed by Mike Henkel of THE BRAVADO REALTY
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