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3,725 sqft

$329,900

501 S University, Mt Pleasant MI, 48858

Price per sqft$88.56
Built in1900
Property size3,725 sqft
Property typeMulti-family
Listed by Mike Henkel with THE BRAVADO REALTY Listing Contact:

Overview

Active

Listed Dec 3, 2025

Updated 3 weeks ago

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

$2,195/mo

Est. mortgage payment based on a $329,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1940950

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Association Fee Frequency
Yearly
MLS provider logo

Listed by Mike Henkel with THE BRAVADO REALTY
Listing Contact:  

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 9/17/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Northern Great Lakes REALTORS® MLS all rights reserved.

Data last updated on 9/17/2026 at 12:30 AM UTC

 

 

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