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$ 934,900
Est. payment /mo
New
304 S Main Street MI 48858
12 Baths
0.5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261071088
Year Built 1879
Annual Tax Amount $16,606
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 96x100xIrregular
Source Realcomp
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
Zoning Commercial,Multi-Family,R
Direction 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.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Brick,Vinyl Siding
Others
Tax ID 170000049300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RE/MAX Platinum - Grand Blanc
Nearby Locations
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