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$ 184,900
Est. payment /mo
Active
1915 Stockman Mount Pleasant, MI 48858
1,094 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,094 sqft
Price per Sqft $169
Subdivision Mi
MLS Listing ID 80056616
Year Built 1970
Annual Tax Amount $3,929
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 75x150
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
Area Mount Pleasant (37018)
Zoning Multi-Family
Rooms
Basement Finished, Full
Interior
Heating Forced Air
Appliance Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
Exterior
Exterior Feature Aluminum
Building
Foundation Basement
Water Public Water
Structure Type Aluminum
Schools
School District Mt Pleasant City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by DOUGLAS DAY PROPERTY GROUP