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    501 S University St Mt Pleasant, MI 48858

    New
    For Sale
    $375,000

    2 Story, Apartment Complex - Mt Pleasant, MI

    Property size:
    3,725 SF
    Lot size:
    0.18 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 501 S University St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Basement
    Interior features
    Hardwood Floors, Storage Space, Drywall
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    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

    THE BRAVADO REALTY (989) 404-0000 [email protected]

    Listing agent Mike Henkel (989) 404-0000

    Listing date Dec 3, 2025

    MLS# 1940950 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

    Fully Occupied Apartment Complex Investment

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -84.775108
    Latitude
    43.600178

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    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 St 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.
    (989) 404-0000
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    501 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
    501 S University St Mt Pleasant, MI 48858
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