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12 Baths
8,337 sqft

$934,900

304 S Main Street, Mount Pleasant MI, 48858 2551

Price per sqft$112.14
Built in1879
Property size8,337 sqft
Property typeResidential

Overview

Active

Listed Sep 3, 2026

Updated 10 days ago

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.

$6,220/mo

Est. mortgage payment based on a $934,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
61027184

Interior Features

Bathrooms
12
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.5 Acres

Other Property Details

Taxes
$16,606
Tax Frequency
Annually
Municipality
Mt Pleasant
MLS provider logo

Listed by Stephan Brochu with RE/MAX Platinum - Grand Blanc
Listing Contact: 810-397-5343 

Based on information originating from the MiRealSource as of 10/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 10/12/2026 at 10:41 PM UTC

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