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    1004 S University St Mt Pleasant, MI 48858

    For Sale
    $215,000

    4 - Plex, 2 Story - Mt Pleasant, MI

    Property size:
    2,206 SF
    Lot size:
    0.14 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 1004 S University St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Basement
    Parking
    1
    Parking features
    None
    Interior features
    None
    Basement Y/N
    1
    Appliances
    Dryer, Range, Refrigerator
    Size
    2,206 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Floors in Building
    2
    Number of units
    4
    Roof type
    Asphalt
    Architectural style
    Other

    COLDWELL BANKER MT. PLEASANT REALTY (989) 773-5972 [email protected]

    Listing agent Tiffany Sloan-Grocholski (989) 773-5972

    Listing date Sep 24, 2025

    MLS# 1938264 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rented 4-Plex Near Campus

    This is a well-maintained 4-plex located near campus. Each unit features a 1-bedroom/1-bathroom layout. The property is consistently occupied. The property is located in a high-demand area and offers a space that students find appealing. The property is fully leased for 2025-2026. The annual income is $34,000. The property is easy to manage and is priced to cash flow from day one. The property is suitable as an investment property. The lot size is 0.14 acres, and the property size is 2206 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mt Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.775683
    Latitude
    43.59505

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    FAQs

    What type of property is this?
    Quadplex - Turnkey investment opportunity near campus with high rental demand.
    Where is this quadplex located?
    The property is located at 1004 S University St Mt Pleasant, MI.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Consistently rented 4-plex with high tenant demand.; - Excellent location near campus.; - Fully leased for 2025-2026.
    (989) 773-5972
    Request Owner's contact information
    1004 S University St Mt Pleasant, MI 48858
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1004 S University St Mt Pleasant, MI 48858
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