Address
501 S University, Mount Pleasant, MI
Price
$ 329,900
Property Attributes
- MLS#80064147
- TypeMulti-Family
- Listing Status Active
- CountyISABELLA
- CityMount Pleasant
- AreaMount Pleasant
- NeighborhoodMt Pleasant
- Zip48858
- Style
- Year Built1900
- Price$ 329,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.18 Acres
Data Source:
MiRealSource (MIRS)
Property Description
Fully Occupied 5-Unit Investment Property on a Corner Lot with Proven Rental History. Fully leased until 2027, with management with good track record in place! Exceptional investment opportunity! This fully occupied 5-unit multifamily property sits proudly on a prime corner lot, offering excellent visibility and curb appeal. With a strong rental history and stable, long-term tenants, this property delivers consistent cash flow and minimal vacancy. Each unit is well-maintained and thoughtfully designed, featuring functional layouts that attract and retain quality renters. The property has been professionally managed and regularly updated, ensuring low maintenance costs and tenant satisfaction. Additional highlights include separate utilities, ample off-street parking, and a convenient location close to public transportation, shopping, and local amenities. Whether you’re a seasoned investor or looking to expand your portfolio, this turnkey property offers immediate income and long-term growth potential. Don’t miss your chance to own a solid, income-producing asset in a desirable neighborhood! Unit 1 800 square foot 3 bed 1 bath Unit 2 700 square foot 2 bed 1 bath Unit 3 900 square foot 3 bed 1 bath Unit 4 450 square foot 1 bed 1 bath Unit 5 1000 square foot 4 bed 1 bath Rents Currently $500-$900 per month Leases are signed in place until 2027
| Price History | |
|---|---|
| 12/3/2025 | Listed $375,000 |
| 5/21/2026 | 5$359,900 |
| 7/27/2026 | 9$329,900 |
General Features
| Heating | Forced Air,Hot Water |
|---|---|
| Cooling | Window Unit(s) |
| Possession | Subject To Tenant Rights |
| Garage | Detached Garage |
| Water | Public Water |
| Appliances | Range/Oven,Refrigerator |
| Status | Active |
| Year Built | 1900 |
| Parking | Garage |
| Subdivision | N/A |
| County | Isabella |
| Class | MULTIFAMILY |
| Type | Multi-Family |
| Ownership | Private |
| Section | 15 |
| Associated Document Count | 3 |
| Status | Active |
| Zoning | Multi-Family |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Utilities | Cable Available,Internet DSL Available |
| Structure Style | 2 Story |
| COMMUNITY AMENITIES | Pets-Allowed |
| Area | Mount Pleasant (37018) |
| Primary City | Mount Pleasant |
| Directions | From High street,North onto S University,on corner of University and E Locust |
| City | Mount Pleasant |
| School District | Mt Pleasant City School District |
| Originating MLS | Central Michigan Association of |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Exchange/Trade,FHA,VA |
| Legal Description | BENTLEY ADD LOT 5 BLOCK 8. NOTE: RENTAL - __ UNITS/__ OCC |
| DOM | 288 |
| Postal Code | 48858 |
| Public Remarks | Fully Occupied 5-Unit Investment Property on a Corner Lot with Proven Rental History. Fully leased until 2027 |
Interior Features
| Interior Amenities | Hardwood Floors |
|---|---|
| Basement | Block,MI Basement,Partial |
| Total Number of Units | 5 |
| Basement Y/N | No |
| Fuel Type | Natural Gas |
Exterior Features
| Lot Size Area | 0.18 |
|---|---|
| Lot Dimensions | 70x115 |
| Water Features | None |
| SEWER SEPTIC | Public Sanitary |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 48858
Price
Year Built
Visits
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Bay County REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Midland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
