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Laura Garcia

lauragarciarealestate@gmail.com +1(313) 618-5138

$ 969,900

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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

Virtual Tour https://www.crebuilder.com/listings/ae5ea22a-cdca-48c3-a4b5-43c12963bf58/40445

Listed by Keith D Cotter of Keller Williams of NM Signature Group

Agent | License ID: 414348

+1(313) 618-5138 | lauragarciarealestate@gmail.com