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Listed by THE BRAVADO REALTY
$329,900
Est. payment /mo
3,725 SqFt
Active
501 S University Mt Pleasant, MI 48858
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,725 sqft
Price per Sqft $88
MLS Listing ID 1940950
Year Built 1900
Lot Size 7,840 Sqft
Acres 0.18
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
Community None, Pets Allowed
Rooms
Basement Partial, Michigan Basement
Interior
Interior Features Storage, Drywall, Cable TV, High Speed Internet, DSL, WiFi
Heating Forced Air, Hot Water, Natural Gas
Flooring Hardwood
Fireplaces Type None
Fireplace false
Appliance Refrigerator, Oven/Range
Exterior
Exterior Feature None
Community Features None, Pets Allowed
Waterfront Description Public
Roof Type Asphalt
Garage false
Building
Story Two
Foundation Block
Sewer Public Sewer
Water Public
NEARBY SCHOOL & BUSINESS
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