1019 E Broadway Street, Mount Pleasant, MI 48858
1019 E Broadway Street, Mount Pleasant, MI 48858
1019 E Broadway Street, Mount Pleasant, MI 48858
1019 E Broadway Street, Mount Pleasant, MI 48858
1019 E Broadway Street, Mount Pleasant, MI 48858
1019 E Broadway Street, Mount Pleasant, MI 48858
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David Godin

David Godin

+1(586) 416-0600
$ 969,900
Est. payment | /mo

600 SqFt

Save
$ 969,900
Est. payment | /mo
Save

600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 600 sqft

Price per Sqft $1,616

Subdivision Mi

MLS Listing ID 80070063

Year Built 1950

Lot Size 1.350 Acres

Acres 1.35

Lot Dimensions 132x300

Property Sub-Type Multi-Family

Property Description

Broadway Apartments is a 15-unit multifamily investment opportunity strategically located along East Broadway in Mount Pleasant, one of Central Michigan's strongest rental markets. The property benefits from its proximity to major employment, education, and entertainment drivers, including Central Michigan University, Soaring Eagle Casino & Resort, and convenient access to US Highway 127, providing connectivity throughout the region. The asset presents investors with an attractive value-add opportunity through a combination of interior unit upgrades and continued rent optimization. Current ownership has established a stable operating foundation, while future ownership can capitalize on the property's upside potential by implementing strategic renovations, modernizing unit interiors, enhancing common areas, and increasing rents toward market levels as leases renew. These improvements have the potential to drive increased cash flow and long-term asset appreciation. Mount Pleasant continues to demonstrate strong rental demand due to its diverse economic base, anchored by higher education, healthcare, gaming, hospitality, and regional employers. The property's location offers residents convenient access to shopping, dining, employment centers, and recreational amenities, making Broadway Apartments well-positioned to attract and retain tenants. Broadway Apartments represents an opportunity to acquire a well-located multifamily asset with existing cash flow, operational stability, and a clear path to increasing net operating income through thoughtful asset management and targeted capital improvements.

Location

State MI

County Isabella

Area Mount Pleasant (37018)

Zoning Multi-Family

Rooms

Basement Other

Interior

Heating Other-See Remarks

Cooling Other

Appliance Range/Oven, Refrigerator

Exterior

Amenities Available Pets-Allowed

Building

Foundation Slab

Water Public Water

Schools

School District Mt Pleasant City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams of NM Signature Group

Schools and Properties Nearby

David Godin

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

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1019 E Broadway Street