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501 S University, 
Mtpleasant, MI 48858

$329,900


—

Bed


—

Bath


-

Sq Ft


Multi-Family

Active

Listed by

Mike Henkel

The Bravado Realty

989-404-0000

Last updated:

September 26, 2026, 09:57 AM

MLS#

79080064147

Source:

MI REALCOMP

About This Home

501 S University

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

Home Facts

Multi-Family

Built in 1900

Subdivision & Development:

N/A

Price Summary

329,900

MLS #:

79080064147

Last Updated:

September 26, 2026, 09:57 AM

Added:

9 month(s) ago


Structure

Structure

Architectural Style:

Apartment

Year Built:

1900


Lot

Lot Size (Sq. Ft):

7,840


Finances & Disclosures

Finances

Price:

$329,900

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.