About This Home
This 23-bedroom, 3-bathroom multi-family at 1019 E Broadway Street in Mount Pleasant, MI is listed for $969,900 ($73 per sqft). Built in 1950, the home offers 13,200 sqft of living space on a 1.35 acres lot.
Key Features
- Built in 1950
- 1.35 acre lot
Property Details
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.
Monthly Cost Estimate
$5,187/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1019 E Broadway Street
Mount Pleasant, MI 48858
Property Details
Construction
Appliances
Questions & Answers
This 23-bedroom, 3-bathroom multi-family at 1019 E Broadway Street is listed at $969,900 ($73/sqft). The estimated monthly payment is $5,187 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 1.35 acre lot.
This property is listed by Keith Cotter and can be reached at 9894006215.


