1915 Stockman Active Save Request In-Person Tour Request Virtual Tour
Mt Pleasant,MI 48858
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,188 sqft
Price per Sqft $82
Subdivision Mi
MLS Listing ID 1933283
Lot Size 0.260 Acres
Property Sub-Type Multi-Family
Property Description
Well-Maintained Duplex Just Minutes from Campus – Ideal Investment Opportunity This spacious and income-generating duplex is located in an incredibly convenient location, just a short walk or quick commute to the university campus. Whether you're an investor looking to expand your portfolio or a homeowner seeking a property with rental income potential, this property offers excellent flexibility and upside. Unit A features a generous layout with three well-sized bedrooms and one full bathroom, making it ideal for larger student groups, roommates, or families who need extra space. The common areas are roomy and functional, and the layout allows for both privacy and shared living. Unit B is slightly more compact but still offers a comfortable and efficient design with three bedrooms and one full bathroom. It's perfect for smaller groups or individuals seeking affordable housing near campus. Both units are currently leased with reliable tenants in place. However, the rents are below current market value, creating an opportunity for increased cash flow and a stronger return on investment through future rent adjustments. Tenants are responsible for paying their own electricity and heating costs, which helps minimize the operating expenses for the owner. The owner covers trash service and water/sewer utilities, keeping things simple and predictable from a management standpoint. With its strong rental history, close proximity to the university, and significant potential for income growth, this duplex represents a rare chance to own a turnkey property in a high-demand area.
Location
State MI
County Isabella
Interior
Heating Forced Air
Cooling Forced Air
Exterior
Exterior Feature None
Roof Type Asphalt
Building
Water Municipal
Structure Type Aluminum Siding
Schools
School District Mount Pleasant City School District