Corner Lot 5-Unit Multifamily
501 S University Mt Pleasant, MI 48858
501 S University, Mt Pleasant, MI, 48858
$359,900
For Sale
$359,900
MULTI_FAMILY - Mt Pleasant, MI
Property Size3,725 SF
Lot Size0.18 Acres
Price / SF$96.62
Days on Market228
Property Features for 501 S University
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- Multi-Family
- Interior features
- Hardwood Floors, Storage Space, Drywall
- Appliances
- Refrigerator, Oven/Range, Smoke Alarms
- Standard status
- Active
- Size
- 3,725 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- BENTLEY ADD LOT 5 BLOCK 8. NOTE: RENTAL - __ UNITS/__ OCC
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Frame
- Roof type
- Asphalt
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
THE BRAVADO REALTY
(989) 404-0000
1002 W Broomfield, Mt Pleasant, MI
Listed by
Mike Henkel · License #6502431250
(989) 404-0000
Added: Dec 3, 2025 Checked: Jul 19 at 10:06 am
MLS# 1940950
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 5-unit multifamily investment property totals 3,725 square feet and is fully occupied. The tenant mix includes Unit 1 (3 bed/1 bath, 800 square feet), Unit 2 (2 bed/1 bath, 700 square feet), Unit 3 (3 bed/1 bath, 900 square feet), Unit 4 (1 bed/1 bath, 450 square feet), and Unit 5 (4 bed/1 bath, 1,000 square feet). The property is described as well-maintained, with professionally managed operations and regular updates. Separate utilities are noted, along with ample off-street parking.
Located at 501 S University in Mt Pleasant, Michigan, the property sits on a corner lot. The listing notes convenience to public transportation, shopping, and local amenities.
For buyers seeking an operational, income-generating property, this one is offered with leases signed in place through 2027 and current rents listed in the $500 to $900 per month range. The unit mix provides multiple bedroom configurations across the building, which can support steady tenant demand while reducing reliance on a single household type. Buyers who want a turnkey ownership experience can also benefit from the existing management with a stated good track record.
Located at 501 S University in Mt Pleasant, Michigan, the property sits on a corner lot. The listing notes convenience to public transportation, shopping, and local amenities.
For buyers seeking an operational, income-generating property, this one is offered with leases signed in place through 2027 and current rents listed in the $500 to $900 per month range. The unit mix provides multiple bedroom configurations across the building, which can support steady tenant demand while reducing reliance on a single household type. Buyers who want a turnkey ownership experience can also benefit from the existing management with a stated good track record.
Key Highlights
- Fully occupied 5‑unit multifamily on a corner lot with leases signed through 2027
- Unit mix and sizes: Unit 1 (800 SF) 3 bed/1 bath; Unit 2 (700 SF) 2 bed/1 bath; Unit 3 (900 SF) 3 bed/1 bath; Unit 4 (450 SF) 1 bed/1 bath; Unit 5 (1000 SF) 4 bed/1 bath
- Current rents are $500–$900 per month
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully leased five-unit property with signed leases through 2027 and separate utilities on a corner lot.
Where is this apartment building located?
The property is located at 501 S University Mt Pleasant, MI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Fully occupied 5‑unit multifamily on a corner lot with leases signed through 2027; Unit mix and sizes: Unit 1 (800 SF) 3 bed/1 bath; Unit 2 (700 SF) 2 bed/1 bath; Unit 3 (900 SF) 3 bed/1 bath; Unit 4 (450 SF) 1 bed/1 bath; Unit 5 (1000 SF) 4 bed/1 bath; Current rents are $500–$900 per month
