501 S University, Mount Pleasant, MI 48858
Local realty services provided by:ERA Prime Real Estate Group
501 S University,Mtpleasant, MI 48858
$359,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: mike henkel
Office: the bravado realty
MLS#:79080064147
Source:MI_REALCOMP
Price summary
- Price:$359,900
About this home
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...
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Home facts
- Year built:1900
- Listing ID #:79080064147
- Added:227 day(s) ago
- Updated:July 16, 2026 at 10:06 AM
Rooms and interior
- Flooring:Hardwood
- Basement Description:Block, Partial
Heating and cooling
- Cooling:Window Units
- Heating:Forced Air, Hot Water, Natural Gas
Structure and exterior
- Year built:1900
- Lot area:0.18 Acres
- Architectural Style:Apartment
- Foundation Description:Basement, Block, Michigan Basement
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$359,900
Features and amenities
- Appliances:Oven, Range, Refrigerator
Parking
- Parking description:Detached, Garage
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