BEDS0
BATHS12 full
SQUARE FEET8,337
MLS#20261071088
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMtPleasant
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Heating: Forced Air, Natural Gas
Home Style: Craftsman, Quadruplex, Triplex, Upper Lower Apartm
Lot Size: 0.50 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $16,606
Year Built: 1879
Amenities
High Speed Internet
Lighting
Feature Descriptions
Community Features: Sidewalks
Days on Site: 4
Exterior: Brick, Vinyl Siding
Fencing: Fencing Allowed
Lot Dimensions: 96x100xIrregular
Other Structures: Sheds Allowed
Parcel#: 170000049300
Parking: Lighted, Parking Lot
Parking Notes: Lighted, Parking Lot
Patio/Porch: Covered, Porch
Pets Allowed: Call
Security: Smoke Detectors
Sewer: Public Sewer
Summer Tax: 12641
Units: 12
Utilities: Cable Available
Water: Public
Winter Tax: 3965
Local Schools
School District: MtPleasant
Listed By / Shown By
Listed By
Agency Name: RE/MAX Platinum - Grand Blanc
Agency Phone: 8106954111
Shown By
Agency Title: Griffith Realty
Agency Phone: 810-227-1016
Estimate Your Payment
Estimated Payment
$ 3,737.19 per month $2,080.68 Principal & Interest $1,383.83 Property Tax $272.68 Homeowner's Insurance
304 S Main Street | MLS# 20261071088
This multi-family property located at 304 S Main Street, Mt Pleasant, Mi 48858 is currently listed for sale with an asking price of $934,900. S Main Street is located within the MtPleasant school district. Search Mt Pleasant real estate on www.griffithrealty.com today.