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Two Duplex Multifamily Property
For Sale
$309,900

3481-3489 S Summerton Road, Mount Pleasant, MI 48858

Four occupied units in two duplexes, with recent roof, flooring, and interior paint updates.

Property SizeContact for details
Days on Market142

Property Features for 3481-3489 S Summerton Road

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Additional Details

Business Included Yes
Multifamily Units 4
Listing Agency: Five Star Real Estate (Grandv)
Listed By: Justine S Born · License #6501381428
Source: Jimdehaan
Added: Jun 17 Changed: Nov 4 Last Checked: Nov 4 at 12:56PM

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 Five Star Real Estate (Grandv)

Rey
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Investment Insights

Based on property information with market context.

This four-unit multifamily property consists of two duplexes on one lot, with each unit offering two bedrooms and one bathroom. All four units are currently occupied. Major updates include new roofs installed approximately five years ago, fresh exterior paint, and updated flooring and interior paint throughout the units.

The property is located close to Central Michigan University and to shopping and restaurants along M-20. Tenant-paid utilities include electric, including heat. The owner covers trash and lawn care.

For investors seeking an income-producing residential asset with an in-place tenant base, this configuration provides four separate units within one property. Because tenants pay electric and the owner handles trash and lawn care, the operating structure is defined. Financial information is available upon request, with showing instructions provided by appointment.

Key Highlights

  • 4‑unit multifamily on one lot featuring two duplexes; all units are occupied
  • Each unit offers 2 bedrooms and 1 bathroom
  • Major updates include new roofs installed approximately 5 years ago

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four occupied units in two duplexes, with recent roof, flooring, and interior paint updates.
Where is this quadplex located?
The property is located at 3481-3489 S Summerton Road Mount Pleasant, MI.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 4‑unit multifamily on one lot featuring two duplexes; all units are occupied; Each unit offers 2 bedrooms and 1 bathroom; Major updates include new roofs installed approximately 5 years ago
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