About This Home

This 0-bedroom, 0-bathroom multi-family at 501 S University in Mount Pleasant, MI is listed for $329,900 ($89 per sqft). Built in 1900, the home offers 3,725 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1900
  • 0.18 acre lot
  • 2 stories

Property Details

2 stories
1900
Listing 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

Monthly Cost Estimate

$1,764/mo

20% down · 6.5% · 30 years

Principal$239
Interest$1,430
Insurance$96

Estimates only. Actual payments may vary.

Location

501 S University

Mount Pleasant, MI 48858-0000

Features & Amenities

Interior Features

Hardwood FloorsStorage SpaceDrywall

Property Details

Construction

Frame

Appliances

RefrigeratorOven/RangeSmoke Alarms

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 501 S University is listed at $329,900 ($89/sqft). The estimated monthly payment is $1,764 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.18 acre lot, 2 stories. Interior Features: Hardwood Floors, Storage Space, Drywall.

This property is listed by Mike Henkel.

MH

Mike Henkel

Agent at THE BRAVADO REALTY

Listed by THE BRAVADO REALTY · Broker phone: 9894040000 · View on Broker Site · Broker website

MLS# 1940950· Source: Northern Great Lakes Realtors MLS· 328 days on PropertySimple

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, Mount Pleasant, MI 48858-0000

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