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$934,900
New Listing

304 S Main Street
Mt Pleasant City, MI 48858

For Sale|Multi Family|Active
15
Beds
12
Total Baths
12
Full Baths
8,337
SqFt
$112
/SqFt
1879
Built
County:
Isabella

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1-248-228-6711
304 S Main Street304 S Main Street304 S Main Street304 S Main Street
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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.

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Listing Snapshot
Price 
$934,900
Days On Site 
0 Days
Bedrooms 
15
Inside Area (SqFt) 
8,337 sqft
Total Baths 
12
Full Baths 
12
Partial Baths 
N/A
Lot Size 
0.5 Acres
Year Built 
1879
MLS® Number 
20261071088
Status 
Active
Property Tax 
$16,606
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
5 hours agoListing first seen on site
5 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.5
Cross Street 
N. of E. High St., W. of 127/Mission St.
Disclosures 
Actual Income, Conformsto Zoning, Legal Rental Certified, Exclusions Do Not Exist, No Restrictions, Taxes Not Homestead Exempt
Foundation 
Block
Levels 
Two
Parking 
LightedParking Lot
Pets 
Call
Property Sub Type 
Multi Family
Security 
Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
8337
Style 
CraftsmanQuadruplexTriplexUpperLowerApartment
Utilities 
Cable Available
Water Source 
Public
Zoning 
Commercial, MultiFamily, Residential
Interior Features
Basement 
Unfinished
Heating 
Forced AirNatural Gas
Interior 
High Speed Internet
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Exterior Features
Construction Details 
BrickVinyl Siding
Exterior 
Lighting
Patio And Porch 
CoveredPorch
Pool Features 
None
Roof 
Asphalt
Community Features
Community Features 
Sidewalks
Financing Terms Available 
CashConventional
MLS Area 
Area37112MtPleasant
Roads 
Paved
School District 
MtPleasant
Schools
School District
MtPleasant
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of RE/MAX Platinum - Grand Blanc: [email protected]



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Neighborhood & Commute
Source: Walkscore
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