304 S Main Street, Mount Pleasant, MI 48858 2551
304 S Main Street, Mount Pleasant, MI 48858 2551
304 S Main Street, Mount Pleasant, MI 48858 2551
304 S Main Street, Mount Pleasant, MI 48858 2551
304 S Main Street, Mount Pleasant, MI 48858 2551
304 S Main Street, Mount Pleasant, MI 48858 2551
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 934,900
Est. payment | /mo

12 Baths

8,337 SqFt

Save
$ 934,900
Est. payment | /mo
Save

12 Baths

8,337 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,337 sqft

Price per Sqft $112

Subdivision Mi

MLS Listing ID 61027184

Style 2 Story

Full Baths 12

Year Built 1879

Annual Tax Amount $16,606

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 96x100xIrregular

Property Sub-Type Multi-Family

Property Description

Turn-key fully occupied 12 unit rental portfolio with proven income generation ready for new ownership. Incredible investment opportunity with a lucrative 7.2% CAP rate! Fully occupied (photos are from when units were renovated.) Three well maintained multifamily properties containing 12 total units in the heart of Mount Pleasant are being sold TOGETHER as one package deal. Located within walking distance of Central Michigan University, these properties offer an excellent opportunity for student rentals and investment potential. 109 W. Illinois St. (170000049400) offers 5 units, 304 S. Main St. (170000049300) offers 4 units, and 433 S. Washington St. (170000202900) offers 3 units. All three properties are ideally located near CMU, restaurants, shopping and public transit, and have a strong historical record of full occupancy, making this a compelling opportunity for investors seeking an established multifamily portfolio.

Location

State MI

County Isabella

Area Mount Pleasant (37018)

Rooms

Basement Block

Interior

Interior Features Cable/Internet Avail., DSL Available

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Brick, Vinyl Siding

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick,Vinyl Siding

Schools

School District Mt Pleasant City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Platinum - Grand Blanc
Nearby Locations
Shawn Murphy, GRI, SRES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN 55432, USA

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304 S Main Street