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501 S University, Mt Pleasant, MI 48858

$329,900
: 3,725
SqFt

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List Price: $329,900
Price Change: ▼ $30,000 1785207381
Days on Market: 306
Status: ACTIVE
MLS#: 1940950
Living Area: 3,725
Lot Size (Acres): 0.18
Year Built: 1900

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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

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Additional Information

Building Name: N/A
Stories: 2
Interior Features: Storage, Drywall, Cable TV, High Speed Internet, DSL, WiFi
Amenities: None, Pets Allowed
Flooring: Hardwood
Exterior Features: None
Heating: Forced Air, Hot Water, Natural Gas
Cooling: Window Unit(s)
Water: Public
Sewer: Public Sewer
School District: Mount Pleasant City School District