304 S Main Street, MI 48858
304 S Main Street, MI 48858
304 S Main Street, MI 48858
304 S Main Street, MI 48858
304 S Main Street, MI 48858
304 S Main Street, MI 48858
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Kory Lambarth

Kory Lambarth

+1(313) 283-2781
$ 934,900
Est. payment | /mo

12 Baths

0.5 Acres Lot

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

12 Baths

0.5 Acres Lot

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 SCHOOLS & PROPERTIES

Kory Lambarth

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

+1(313) 283-2781

kory@korvanrealty.com

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304 S Main Street