Address
304 S Main Street, Mount Pleasant, MI
Price
$ 934,900
Property Attributes
- MLS#61027184
- TypeMulti-Family
- Listing Status Active
- CountyISABELLA
- CityMount Pleasant
- AreaMount Pleasant
- NeighborhoodMt Pleasant
- Zip48858
- Style
- Year Built1879
- Taxes$ 16606
- Price$ 934,900
- Bedrooms0
- Full Bathrooms12
- Half Bathrooms0
- Sqr Footage8337
- Lot Size0.5 Acres
Data Source:
MiRealSource (MIRS)
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.
| Price History | |
|---|---|
| 9/3/2026 | Listed $934,900 |
General Features
| Heating | Forced Air |
|---|---|
| Possession | At Close |
| Water | Public Water |
| Status | Active |
| Full Baths | 12 |
| Bathrooms | 12 |
| Year Built | 1879 |
| Parking | Lighted |
| County | Isabella |
| Class | MULTIFAMILY |
| Type | Multi-Family |
| Ownership | Private |
| Associated Document Count | 5 |
| Status | Active |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Structure Style | 2 Story |
| Subj to Short Sale Apprvl | No |
| Area | Mount Pleasant (37018) |
| Primary City | Mount Pleasant |
| Directions | Located on the corner of Illinois & Main St. 3 Separate multi-family units inlcluded in this sale located at 304 S. Main St.,109 W. Illinois St. and 433 S. Washington St. in Mt. Pleasant. |
| City | Mount Pleasant |
| School District | Mt Pleasant City School District |
| Lease Y/N | Yes |
| Originating MLS | RealComp |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Conventional |
| Legal Description | ORIGINAL PLAT N 30 FT LOT 3 ALL LOT 4 BLK 31 & 1/2 VAC ALLEY ABUT ON W. |
| DOM | 15 |
| Postal Code | 48858 |
| Price Per Sq Ft Total AG | 112.14 |
Interior Features
| Interior Amenities | Cable/Internet Avail.,DSL Available |
|---|---|
| Basement | Block |
| Fireplace? | No |
| Total Number of Units | 12 |
| Basement Y/N | No |
| Fuel Type | Natural Gas |
Exterior Features
| Exterior | Brick,Vinyl Siding |
|---|---|
| Exterior Amenities | Porch |
| Frontage | 96 |
| Lot Size Area | 0.5 |
| Lot Dimensions | 96x100xIrregular |
| Roads | Paved Street |
| FOUNDATION TYPE | Basement |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 48858
Price
Taxes
Year Built
Visits
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Bay County REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Midland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
