501 S University Mt Pleasant, MI $ 375,000
501 S University
$ 375,000
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501 S University

Mt Pleasant, MI, 48858
$ 375,000
Baths0.0 Sq 3,725

Monthly Estimate*

$ 2,309

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Studio

Multi-Family Home for sale in Mt Pleasant, MI

for $375,000. This 3,725 square foot home was built in 1900 on a lot size of 0.18.

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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Multi-Family Active

Price

$ 375,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.18

Year Built

1900

Town/City

Mt Pleasant

County/Region

Isabella

MLS | Web ID

1940950

Features
Interior
Interior Amenities Storage Drywall Cable TV High Speed Internet DSL WiFi
Basement Partial Michigan Basement
Flooring Hardwood
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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General
Sewer Public Sewer
Heating Forced Air Hot Water Natural Gas
Cooling Window Unit(s)
Possession Subject To Tenant Rights Long Term Tenant
Roof Asphalt
Appliances Refrigerator Oven/Range
Security Features Smoke Detector(s)
Construction Materials Frame Vinyl Siding
Pets Allowed true
Year Built 1900
Stories Count 2
Township Mt Pleasant
Levels Two
Property Subtype Multi Family
Waterfront Features None
Community Features None Pets Allowed
Accessibility None
Assoc Fee Paid Per Annually
County Isabella
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name N/A
Garage Y/N N
Other Structures None
Rent Includes Exterior Maintenance Trash Collection Snow Removal Management Water Sewer Pets Allowed
Status Active
Directions From High street North onto S University on corner of University and E Locust
City Mt Pleasant
High School District Mount Pleasant City School District
Zoning Description Multi-Family
Number Of Units Total 5
Lot Size Units Acres
Lot Size Square Feet 7840.8
Carport Y/N N
Home Warranty Y/N N
Ok to Lease 12 Months
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Mount Pleasant City School District
Elementary School District Mount Pleasant City School District
Tax Assessed Value 94348
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description BENTLEY ADD LOT 5 BLOCK 8. NOTE: RENTAL - __ UNITS/__ OCC
Freehold IDX
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Exterior
Exterior Amenities None
Parking Features Detached
Water Source Public
Lot Size Area 0.18
Foundation Details Block
Number of Buildings 1
Spa Y
Lot Dimensions 70x115
Lot Size Acres 0.18
Waterfront Y/N N
Other Equipment Dish TV TV Antenna
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
The Bravado Realty

Broker

mike@the-bravado.com

Email

Affordability Calculator

$2,309
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,309
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034587 Elementary School
2034025 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/3/2025$375,000 Listed Price

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501 S University, Mt Pleasant, MI, 48858 is a Multi-Family Home for sale at $375,000 with 3,725 sqft and a lot size of 0.18. 501 S University is a studio with 0.0 baths and was built in 1900. The property's zip code is 48858 which is in Mt Pleasant, MI