5045 W Remus Rd Mount Pleasant, MI 48858
Estimated payment $5,205/month
Highlights
- Baseboard Heating
- High Speed Internet
- Satellite Dish
About This Home
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
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $15,897
Year Built
- Built in 2006
Lot Details
- 3.18 Acre Lot
- Lot Dimensions are 180x470
- The community has rules related to zoning restrictions
Home Design
- Slab Foundation
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 7,000 Sq Ft Home
- 2-Story Property
- Crawl Space
- Oven or Range
Utilities
- Baseboard Heating
- Well
- High Speed Internet
- Satellite Dish
Community Details
- 10 Units
- Net Operating Income $74,343
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | For Sale | $699,900 | -- | $100 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1933284
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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