Income-Generating Duplex Near
For Sale
$199,900
1909 Stockman, Mount Pleasant, MI 48858
Well-maintained duplex near campus with income potential.
Property SizeContact for details
Days on Market103
Property Features for 1909 Stockman
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1964
Listing Agency:
Keller Williams Northern Michigan
(989) 400-6215
Listed By:
Keith D Cotter
(989) 400-6215
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 3 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Northern Michigan
Investment Insights
Based on property information with market context.
This spacious duplex is located in a convenient location, a short distance from the university campus. Unit A features five bedrooms and two full bathrooms, suitable for larger groups or families. Unit B offers four bedrooms and one full bathroom, ideal for smaller groups or individuals. Both units are currently leased with tenants. The rents are below current market value, creating an opportunity for increased cash flow through future rent adjustments. Tenants are responsible for their own electricity and heating costs. The owner covers trash service and water/sewer utilities. The property is somewhat bikeable with a score of 48 and somewhat walkable with a score of 51.
Key Highlights
- Prime Location: Minutes from university campus, offering convenience for students and faculty.
- Income‑Generating: Currently leased units provide immediate rental income.
- Upside Potential: Rents are below market value, allowing for increased cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 48858, MI
41,844
Population
19,396
Households
2.2
Avg Household Size
30
Median Age
37%
College-Educated
93%
High-School Grad
174.4 sq mi
ZIP Area
240
Density / Sq Mi
$48,794
Median Household Income
$22,775
Median Earnings
$862
Median Rent
$168,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex near campus with income potential.
Where is this duplex located?
The property is located at 1909 Stockman Mount Pleasant, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Prime Location: Minutes from university campus, offering convenience for students and faculty.; Income‑Generating: Currently leased units provide immediate rental income.; Upside Potential: Rents are below market value, allowing for increased cash flow.
