# 501 S University, Mount Pleasant, MI 48858-0000 > **TL;DR:** multi-family, $329,900 ($89/sqft), built 1900, 3,725 sqft. Est. $1,764/mo. Listed 335 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $329,900 | | Price/sqft | $89 | | Square Feet | 3,725 | | Year Built | 1900 | | Lot Size | 7,841 sqft (0.18 acres) | | Stories | 2 | | Property Type | Multi-Family (Apartment) | | Status | Active | | Days on Market | 335 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,668 | | Estimated Insurance | $96 | | **Total** | **$1,764** | ## Property Highlights - Built in 1900 - 0.18 acre lot - 2 stories ## Description ### Agent 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 ## Location - **Address:** 501 S University, Mount Pleasant, MI 48858-0000 - **County:** Isabella - **Coordinates:** 43.600178, -84.775108 - **Google Maps:** https://www.google.com/maps?q=43.600178,-84.775108 ## Listing Agent - **Name:** Mike Henkel - **Brokerage:** THE BRAVADO REALTY - **Broker Phone:** 9894040000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/501-S-University-Ave_Mt-Pleasant_MI_48858_M94497-44193?f=listhub&s=TAAR&m=1940950&c=propsimple) ## Photos ![501 S University - Photo 1](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2463716365r.jpg) ![501 S University - Photo 2](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f1921592776r.jpg) ![501 S University - Photo 3](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f1010483468r.jpg) ![501 S University - Photo 4](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3022754384r.jpg) ![501 S University - Photo 5](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f950824r.jpg) ![501 S University - Photo 6](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2966965423r.jpg) ![501 S University - Photo 7](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f1350651947r.jpg) ![501 S University - Photo 8](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3502737148r.jpg) ![501 S University - Photo 9](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f4214221709r.jpg) ![501 S University - Photo 10](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f4208322135r.jpg) ![501 S University - Photo 11](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2612430779r.jpg) ![501 S University - Photo 12](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3588346264r.jpg) ![501 S University - Photo 13](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2273755773r.jpg) ![501 S University - Photo 14](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3331765928r.jpg) ![501 S University - Photo 15](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2799933743r.jpg) ![501 S University - Photo 16](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3605392112r.jpg) ![501 S University - Photo 17](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2218425809r.jpg) ![501 S University - Photo 18](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2975235316r.jpg) ![501 S University - Photo 19](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3587064260r.jpg) ![501 S University - Photo 20](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3253022589r.jpg) ![501 S University - Photo 21](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f854422000r.jpg) ![501 S University - Photo 22](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2955841762r.jpg) ![501 S University - Photo 23](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f4247684398r.jpg) ![501 S University - Photo 24](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f1441655422r.jpg) ![501 S University - Photo 25](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f510210064r.jpg) ![501 S University - Photo 26](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f64774711r.jpg) ![501 S University - Photo 27](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f1036043296r.jpg) ![501 S University - Photo 28](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f1896245827r.jpg) ![501 S University - Photo 29](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f412447923r.jpg) ![501 S University - Photo 30](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f921333934r.jpg) ![501 S University - Photo 31](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3990891310r.jpg) ![501 S University - Photo 32](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f178148255r.jpg) ![501 S University - Photo 33](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f2799933743r.jpg) ![501 S University - Photo 34](http://lh.rdcpix.com/dc07ac33eadf3f308f45fab920689e41l-f3331765928r.jpg) --- **MLS#:** 1940950 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/501-s-university-mount-pleasant-mi-48858-0000-008112c1ecfe448e9fd2026c88320b9c) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/501-s-university-mount-pleasant-mi-48858-0000-008112c1ecfe448e9fd2026c88320b9c#listing", "url": "https://staging.propertysimple.ai/listing/501-s-university-mount-pleasant-mi-48858-0000-008112c1ecfe448e9fd2026c88320b9c", "name": "501 S University, Mount Pleasant, MI 48858-0000", "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! 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