501 S University Mount Pleasant, MI 48858
New
Five-unit multifamily property with long-term tenants and stable cash flow.
Type:Investment
- Added:
- Apr 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 24 at 8:30 pm
Property Features for 501 S University
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing agent Mike Henkel License #6502431250 (989) 404-0000
Listing office (989) 404-0000
Listing date Apr 24, 2026
Source Elliman
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 Mike Henkel
Overview
Fully Occupied Investment Property
This fully occupied 5-unit multifamily property is situated on a corner lot. The property has a strong rental history with long-term tenants, providing consistent cash flow. Each unit is well-maintained with functional layouts. The property has been professionally managed and regularly updated. Additional features include separate utilities and off-street parking. The location is near public transportation, shopping, and local amenities. The property includes the following units: 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 between $500 and $900 per month. Leases are signed in place until 2027. The bike score is 71, indicating it is very bikeable, and the walk score is 89, indicating it is very walkable.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Mount Pleasant
- County
- Isabella
- State
- Michigan
- Longitude
- -84.774948
- Latitude
- 43.59663
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit multifamily property with long-term tenants and stable cash flow.
Where is this apartment building located?
The property is located at 501 S University Mount 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 Occupied with Leases in Place Until 2027, ensuring immediate and stable cash flow.; Professionally Managed with a Proven Track Record, minimizing owner involvement.; Prime Corner Lot Location offers excellent visibility.
