Fully Occupied Apartment Complex
501 S University, Mt Pleasant, MI 48858
2 Story, Apartment Complex - Mt Pleasant, MI
Property size:
3,725 SFLot size:
0.18 AcresPrice / SF:
$100/SF- Added:
- Dec 3, 2025
- Days on Market:
- 164
- Last Refresh:
- May 16 at 4:06 pm
Property Features for 501 S University
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Rooms
- Basement
- Interior features
- Hardwood Floors, Storage Space, Drywall
- Basement Y/N
- 1
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 3,725 SF
- Lot size
- 0.18 Acres
Utilities
- Heating system
- Forced Air, Hot Water (Heating)
Building Details
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Mike Henkel (989) 404-0000
Listing office THE BRAVADO REALTY 1002 W Broomfield, Mt Pleasant, MI (989) 404-0000
Listing date Dec 3, 2025
MLS# 1940950
Listing URL
Copyright © 2026 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.
HighLights
- Fully leased until 2027, providing immediate and stable income.
- Proven rental history with long‑term tenants and consistent cash flow.
- Professionally managed with a good track record, ensuring low maintenance and tenant satisfaction.
- Prime corner lot location with excellent visibility and curb appeal.
- Five well‑maintained units with functional layouts that attract quality renters.
- Separate utilities and ample off‑street parking.
Overview
This fully occupied, five-unit multifamily property is situated on a corner lot. The property has a proven rental history and is fully leased until 2027. Each unit is well-maintained and thoughtfully designed with functional layouts. The property has been professionally managed and regularly updated. The property includes separate utilities and ample off-street parking. The location is convenient to public transportation, shopping, and local amenities. Unit 1 is 800 square feet with 3 beds and 1 bath. Unit 2 is 700 square feet with 2 beds and 1 bath. Unit 3 is 900 square feet with 3 beds and 1 bath. Unit 4 is 450 square feet with 1 bed and 1 bath. Unit 5 is 1000 square feet with 4 beds and 1 bath. Rents are currently $500-$900 per month. The property is located in Mt Pleasant, MI.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Mt Pleasant
- County
- Isabella
- State
- Michigan
- Longitude
- -84.775108
- Latitude
- 43.600178
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit multifamily property with long-term tenants and proven rental history.
Where is this apartment building located?
The property is located at 501 S University Mt Pleasant, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Fully leased until 2027, providing immediate and stable income.; Proven rental history with long‑term tenants and consistent cash flow.; Professionally managed with a good track record, ensuring low maintenance and tenant satisfaction.
