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

Mount Pleasant, MI, 48858
$ 375,000
Baths0.0

Monthly Estimate*

$ 2,340

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Studio

Multi-Family Home for sale in Mount Pleasant, MI

for $375,000. This 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

Mount Pleasant

County/Region

Isabella

MLS | Web ID

80064147

Features
Interior
Interior Amenities Hardwood Floors
Basement Block MI Basement Partial
Total Number of Units 5
Fuel Type Natural Gas
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General
Heating Forced Air Hot Water
Cooling Window Unit(s)
Possession Subject To Tenant Rights
Garage Detached Garage
Water Public Water
Appliances Range/Oven Refrigerator
Status Active Active
Year Built 1900
Parking Garage
Subdivision N/A MI
County Isabella
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Mt Pleasant
Section 15
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available Internet DSL Available
Structure Style 2 Story
Area Mount Pleasant (37018)
Primary City Mount Pleasant
Directions From High street North onto S University on corner of University and E Locust
City Mount Pleasant
School District Mt Pleasant City School District
Financial Terms Cash Exchange/Trade FHA VA
Legal Description BENTLEY ADD LOT 5 BLOCK 8. NOTE: RENTAL - __ UNITS/__ OCC
DOM 4
Postal Code 48858
Public Remarks Fully Occupied 5-Unit Investment Property on a Corner Lot with Proven Rental History. Fully leased until 2027
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Exterior
Lot Size Area 0.18
Lot Dimensions 70x115
Water Features None
Waterfront Y/N No
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* Excluded Features
List By
Mike Henkel

Listing Agent

The Bravado Realty

Broker

mike@the-bravado.com

Email

Affordability Calculator

$2,340
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,340
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
2801046 Elementary School
2801044 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/3/2025$375,000 Listed Price

Map


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501 S University, Mount Pleasant, MI, 48858 is a Multi-Family Home for sale at $375,000 with 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 Mount Pleasant, MI