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Jenn Smart

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501 S University , Mount Pleasant, MI 48858
$329,900
Est. Payment: $1,719.15/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 239
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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

Highlights

Listed by Mike Henkel , 989-404-0000 THE BRAVADO REALTY , 989-404-0000. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

1900

County

Isabella

Area

Mount Pleasant (37018)

Neighborhood

N/A

School District

Mt Pleasant City School District

Listing ID

80064147

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Range/Oven, Refrigerator
Air Cond:Window Unit(s)
Fireplaces:
Basement:Block,MI Basement,Partial
Other:
  • Additional:Hardwood Floors
Water:Public Water

Exterior Features

Lot Dimensions:70x115
Zoning:Multi-Family
Sewer:Public Sanitary
Parking Features:Detached Garage,Garage
Principal Interest
$1,719
Taxes
$210

Home Price

$329,900

Loan Details

30 yrs
6.792%

Down Payment

20%
$65,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,719.15

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,719.15 $210.31 $0.00 $1,929.47
Yearly $20,629.86 $2,523.74 $0.00 $23,153.59
Total $618,895.72 $75,712.05 $0.00 $694,607.77
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Mount Pleasant, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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Data last updated: 2026-09-02T04:57:55.100Z

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