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About This Home

This 0-bedroom, 0-bathroom residential multi family at 501 S University in Mt Pleasant, MI is listed for $375,000 ($101 per sqft). the home offers 3,725 sqft of living space on a 0.18 acres lot.

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

Key Features

  • 0.18 acre lot
  • 2 stories

Property Details

2 stories

Amenities

Basement

Monthly Cost Estimate

$2,006/mo

20% down · 6.5% · 30 years

Principal$271
Interest$1,625
Insurance$109

Estimates only. Actual payments may vary.

Location

501 S University

Mt Pleasant, MI 48858-0000

Features & Amenities

Interior Features

Hardwood FloorsStorage SpaceDrywall

Property Details

Heating

Forced AirHot Water (Heating)

Appliances

RangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 501 S University is listed at $375,000 ($101/sqft). The estimated monthly payment is $1,625 based on 20% down at 6.5% interest.

Key features include: 0.18 acre lot, 2 stories. Interior Features: Hardwood Floors, Storage Space, Drywall.

This property is listed by Mike Henkel and can be reached at 9894040000 or mike@the-bravado.com.

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MH

Mike Henkel

Agent at THE BRAVADO REALTY

(989) 404-0000

Listed by THE BRAVADO REALTY · View on Broker Site

MLS# 1940950· Source: listhub· Updated 128 days ago

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.

501 S University, Mt Pleasant, MI 48858-0000

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