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$ 969,900
New
1019 E Broadway ST Pleasant, MI 48858
600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 600 sqft
Subdivision Brown
MLS Listing ID 79080070063
Style Apartment
Year Built 1950
Lot Size 1.350 Acres
Acres 1.35
Property Sub-Type MultiFamily
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 Area37112Mtpleasant
Rooms
Basement Other
Interior
Heating Natural Gas, Other Heating Source
Cooling Other
Fireplace No
Exterior
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Mt Pleasant
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Pets Allowed Yes
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Listed by Keith D Cotter of Keller Williams of NM Signature Group