# 501 S University, Mt Pleasant, MI 48858-0000

> **TL;DR:** residential multi family, $375,000 ($101/sqft), 3,725 sqft.
> Basement. Est. $1,625/mo. Listed 128 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $375,000 |
| Price/sqft | $101 |
| Square Feet | 3,725 |
| Lot Size | 7,841 sqft (0.18 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 128 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,625 |
| **Total** | **$1,625** |

## Key Amenities

- Basement

## Property Highlights

- 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, Mt 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
- **Phone:** 9894040000
- **Email:** mike@the-bravado.com

## Primary Photo

![501 S University - Primary Photo](http://lh.rdcpix.com/1fd34d17d80861f46fca3484203a3ea0l-f2463716365r.jpg)

*34 total photos available on [listing page](https://www.propertysimple.com/listing/501-s-university-mt-pleasant-mi-48858-0000-1940950)*

---

**MLS#:** 1940950 | **Updated:** 2026-04-24
**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://www.propertysimple.com/listing/501-s-university-mt-pleasant-mi-48858-0000-1940950)

---

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