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501 S University, Mt Pleasant, MI 48858

$375,000

$101 per ft²

3,725 Sq Ft

0.18 Acres

Listing Office: THE BRAVADO REALTY

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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

Listing Agent: Mike Henkel

License Number:

Offered by: THE BRAVADO REALTY

Office Phone: 989-404-0000

MLS: #1940950

Northern Great Lakes Realtors MLS

Date Added: 12/03/2025 05:08:22 pm

Last Update: 12/06/2025 06:22:21 am

Days on Market: 122

Interior

General: Storage, Drywall, Cable TV, High Speed Internet, DSL, WiFi
Appliances: Refrigerator, Oven/Range
Basement: Partial, Michigan Basement
Flooring: Hardwood
A/C: true, Window Unit(s)
Heating: Forced Air, Hot Water, Natural Gas
Fireplace: None
Disability Feature: None

Exterior

General: None
Parking: Detached

Construction

Roofing: Asphalt
General: Frame, Vinyl Siding, 2, Block

Location

HOA Amenities: Annually
Originating MLS: NGLRMLS API
School District: Mount Pleasant City School District
County: Isabella

Lot

Zoning: BENTLEY ADD LOT 5 BLOCK 8. NOTE: RENTAL - __ UNITS/__ OCC

Utilities

Water: Public
Sewer: Public Sewer

Financial

Source: NGLRMLS API
Ownership: Private Owner

Property

Year Built: 1900
Type: Multi-Family

Schools

District: Mount Pleasant City School District

04/25/2024Expired

04/25/2024$324,900@ 87 per ft²Listed

Listing Broker

Robin Stressman

1 @ Praedium Realty

License #: 6502409992

Email: robin@mtpleasant.net

Phone: 989-773-4387

Location: Mt. Pleasant, MI

Robin Stressman has been assisting buyers and sellers in Central Michigan since 1982, building lasting relationships along the way. Known for her dedication and personalized approach, she stays up to date with industry developments to ensure her clients’ interests are always well represented. Over the years, Robin’s professionalism and expertise have earned her numerous prestigious accolades and designations in real estate.

Last Updated: 12/06/2025 06:22:21 am

Offered by: Mike Henkel, , @ THE BRAVADO REALTY

MLS: #1940950

Source: Northern Great Lakes Realtors MLS

Copyright © 2026 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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501 S University, Mt Pleasant, MI 48858 is a 3,725 Sq Ft, 0.18 Acres, Multi-Family built in 1900.

This property is currently available and was listed by Northern Great Lakes Realtors MLS on 12/03/2025 05:08:22 pm. The MLS # for the property is MLS #1940950.