Exceptional 10-Unit Investment Property Just West of Mt. Pleasant – Strong Income Potential in a Peaceful Country Setting Located just a short drive west of Mt. Pleasant, this 10-unit multifamily investment property offers a rare combination of steady rental income, future development potential, and serene rural surroundings. The property sits on a large parcel of land in a quiet, country setting, providing tenants with a peaceful lifestyle while still being close to city amenities, shopping, and employment hubs. Each of the ten units is thoughtfully designed, featuring two comfortable bedrooms and one full bathroom, making them ideal for individuals, small families, or retirees. The units are well-maintained and consistently rented, with demand driven by the appealing location and practical layout. One of the standout features of this property is the abundant land surrounding the current buildings. There is ample space available for future expansion, including the potential to build additional multifamily buildings or other complementary structures (pending any necessary approvals), which could significantly increase rental income and property value over time. From an operational standpoint, the setup is investor-friendly. Tenants are responsible for their own electricity and heating, which helps reduce the overall operating expenses for the owner. The landlord only covers the electric bill for the shared well system, along with trash service, both of which are manageable fixed costs. Because the property uses a private septic system, there are no monthly sewer charges, further lowering expenses and increasing net cash flow. Additional passive income is generated through the coin-operated laundry machines, conveniently located in two of the buildings. These machines bring in an average of approximately $250 per month, adding another steady revenue stream to the overall income picture. Whether you're looking to hold a stable income-producing asset, expand your
Multi-familyProperty Type
2006Year Built
3.18 acresLot Size
$979Price/Sq.Ft.
Listed by Keith Cotter• DOUGLAS DAY PROPERTY GROUP
•989-400-6215 (broker)
•kcotter.ddpg@gmail.com (broker)
Bought with Nick Burrell• PRAEDIUM REALTY ROBIN STRESSMAN & ASSOCIATES
Exceptional 10-Unit Investment Property Just West of Mt. Pleasant â€" Strong Income Potential in a Peaceful Country Setting Located just a short drive west of Mt. Pleasant, this 10-unit multifamily investment property offers a rare combination of steady rental income, future development potential, and serene rural surroundings. The property sits on a large parcel of land in a quiet, country setting, providing tenants with a peaceful lifestyle while still being close to city amenities, shopping, and employment hubs. Each of the ten units is thoughtfully designed, featuring two comfortable bedrooms and one full bathroom, making them ideal for individuals, small families, or retirees. The units are well-maintained and consistently rented, with demand driven by the appealing location and practical layout. One of the standout features of this property is the abundant land surrounding the current buildings. There is ample space available for future expansion, including the potential to build additional multifamily buildings or other complementary structures (pending any necessary approvals), which could significantly increase rental income and property value over time. From an operational standpoint, the setup is investor-friendly. Tenants are responsible for their own electricity and heating, which helps reduce the overall operating expenses for the owner. The landlord only covers the electric bill for the shared well system, along with trash service, both of which are manageable fixed costs. Because the property uses a private septic system, there are no monthly sewer charges, further lowering expenses and increasing net cash flow. Additional passive income is generated through the coin-operated laundry machines, conveniently located in two of the buildings. These machines bring in an average of approximately $250 per month, adding another steady revenue stream to the overall income picture. Whether you're looking to hold a stable income-producing asset, expand your
MiRealSource-MiMLS #80056617
Oct 6, 2025
Sold
$685,000
$979/sq ft
May 11, 2025
Contingent
—
May 5, 2025
Listed
$699,900
$1,000/sq ft
Exceptional 10-Unit Investment Property Just West of Mt. Pleasant – Strong Income Potential in a Peaceful Country Setting Located just a short drive west of Mt. Pleasant, this 10-unit multifamily investment property offers a rare combination of steady rental income, future development potential, and serene rural surroundings. The property sits on a large parcel of land in a quiet, country setting, providing tenants with a peaceful lifestyle while still being close to city amenities, shopping, and employment hubs. Each of the ten units is thoughtfully designed, featuring two comfortable bedrooms and one full bathroom, making them ideal for individuals, small families, or retirees. The units are well-maintained and consistently rented, with demand driven by the appealing location and practical layout. One of the standout features of this property is the abundant land surrounding the current buildings. There is ample space available for future expansion, including the potential to build additional multifamily buildings or other complementary structures (pending any necessary approvals), which could significantly increase rental income and property value over time. From an operational standpoint, the setup is investor-friendly. Tenants are responsible for their own electricity and heating, which helps reduce the overall operating expenses for the owner. The landlord only covers the electric bill for the shared well system, along with trash service, both of which are manageable fixed costs. Because the property uses a private septic system, there are no monthly sewer charges, further lowering expenses and increasing net cash flow. Additional passive income is generated through the coin-operated laundry machines, conveniently located in two of the buildings. These machines bring in an average of approximately $250 per month, adding another steady revenue stream to the overall income picture. Whether you're looking to hold a stable income-producing asset, expand your
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Isabella County
APN
05-019-20-005-05
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 5, 2025.
Property details
Interior
Virtual Tour
Interior Features
Appliances: Range/Oven, Refrigerator
Mult-Unit Information
Total Expenses: $15,897
# of Units (Total): 10
Total Expenses: $15,897
Net Operating Income: $74,343
Net Operating Income: 74343
Unit 1 Information
Unit 1 Occupied Y/N: Yes
Rent Rate: $725
Unit Occupied
Unit 2 Information
Rent Rate: $735
Unit Occupied
Exterior
Exterior Features
Foundation Type: Crawl, Slab
Property Features
Water Features: None
Property Information
Property Type: Multi-Family
Property Type: Apartment
Structure Style: 2 Story
Year Built: 2006
Lot Information
Lot Size: 180,470
Zoning: Residential
Land Information
Acreage: 3.18
Financial
Tax/Assessments Information
Total Tax Amount: $15,897
Summer Tax Year: 2024
Summer Tax Amount: $3,840
Winter Tax Year: 2024
Winter Tax Amount: $12,057
Lease/Rent Information
Lease Information: Lease Term 1-2 Years
Utilities
Utility Information
UTILITIES: Internet DSL Available
Water: Private Well
Fuel Type: Electric
Heating System: Baseboard
Sewer Septic: Septic
Location
School Information
School District: Chippewa Hills School District
School District: Chippewa Hills School District
Address Information
Street Designation: Road
Location Details
Directions: WEST OF MT PLEASANT ON M20, JUST WEST OF LITTLEFIELD RD
Municipality: Deerfield Twp
Mail City: Mount Pleasant
Subdivision: NONE
Municipality: Deerfield Twp
Area (Municipality): Deerfield Twp (37005)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Isabella County
APN: 05-019-20-005-05
Home facts updated by county records on May 5, 2025
Other
Listing Information
Originating MLS: Central Michigan Association of
Around this home
Schools
Chippewa Hills Intermediate School
Public 5-8 • Assigned • 11.1mi
5/10
Chippewa Hills High School
Public 7-12 • Assigned • 11.2mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Mt Pleasant, MI • 48858
Average low and high temperatures (°F)
26
14
32
17
47
28
59
38
66
46
79
58
85
64
80
59
75
53
65
43
46
33
33
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 2.3 hours in December, placing it below the
U.S. average for solar exposure.