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Property profile & analytics
OFF-MARKET
Commercial real estate

433 Washington St Mount Pleasant, MI 48858

1,515 SF 0.13 ac lot Built 1874
Property ID
US43-2301562
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 Commercial real estate
Year built 1874
Total area 1,515 SF
Lot 0.13 ac (5,619 SF)
APN 17-000-02029-00
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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