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Financial
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Property profile

433 S Washington St Mount Pleasant, MI 48858

FOR SALE
Apartment buildings
Property ID
US43-2301562
1,515 SF 0.13 ac lot Built 1874
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For Sale
$215,000 1,515 SF
433 S Washington St, Mount Pleasant, MI 48858
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Property summary

AI-generated overview

This exceptional three-unit apartment building is situated in the heart of downtown Mount Pleasant, Michigan, at the corner of South Washington Street and Locust Street. Built in 1874, this two-story building sits on a 0.129-acre lot and boasts a total of 1,515 square feet. The property is currently 100% occupied, offering immediate cash flow. The asking price is $215,000, translating to $141.91 per square foot. The property is zoned CD-3 Sub-Urban. Each unit has undergone significant improvements. Unit 1e features a full remodel, including a new furnace, kitchen, bathroom, electrical panel, front door, and washer/dryer hookups. Unit 1w boasts a partial remodel with a new bathroom, kitchenette, refinished hardwood floors, and a new front door. Unit 2 includes a remodeled bathroom, new electrical panel, kitchen, light fixtures, cabinets, and a washer and dryer. This is a rare opportunity to acquire a well-maintained, income-producing property in a prime downtown location. The property's APN is 17-000-02029-00. This investment offers strong potential for continued growth and profitability.

Property profile

Verified
Property type Apartment buildings
Year built 1874
Total area 1,515 SF
Lot 0.13 ac (5,619 SF)
UPID US43-2301562

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

433 S Washington St Mount Pleasant, MI 48858
Mount Pleasant metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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