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Fully Occupied Investment Property

501 S University, Mount Pleasant, MI 48858

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For Sale

$375,000

Five-unit multifamily property with long-term tenants and stable cash flow.

Type:Investment

Listing Contact

Mike Henkel

Real Estate License ID: 6502431250

HighLights

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.
Five Units with a Mix of Unit Sizes (1‑4 bedrooms) catering to a diverse tenant base.
Separate Utilities reduce landlord expenses and simplify management.
High Walk Score (89) and Bike Score (71) indicate convenient access to amenities and transportation.

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For Sale

$375,000

Five-unit multifamily property with long-term tenants and stable cash flow.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 49
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

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Listing Contact

Mike Henkel

Listing agent Mike Henkel License #6502431250

Listing office THE BRAVADO REALTY

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 THE BRAVADO REALTY

HighLights

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.
Five Units with a Mix of Unit Sizes (1‑4 bedrooms) catering to a diverse tenant base.
Separate Utilities reduce landlord expenses and simplify management.
High Walk Score (89) and Bike Score (71) indicate convenient access to amenities and transportation.

Overview

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

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Local Demand

City: Mount Pleasant
County: Isabella
State: Michigan
Longitude: -84.774948
Latitude: 43.59663

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For sale
Apartment buildings
MI
Mount Pleasant
48858
501 S University

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.