Investment Overview

Marcus & Millichap is proud to present the Health Professions Apartments I & II, located at 1308 E. Gaylord Street in Mt. Pleasant, Michigan. This multifamily community consists of 26 units, offering a mix of one one-bedroom/one-bathroom unit, thirteen two-bedroom/two-bathroom units, six two-bedroom/one-bathroom units, and six four-bedroom/two-bathroom units. Ideally located within close proximity to Central Michigan University, the property has been completely rebuilt from the inside out and continues to receive signi?cant upgrades. Recent improvements include the installation of new security cameras throughout, a full renovation of the single-family home located behind the one-story building, and a new roof on one of the two-story buildings, with the other roof replaced during the 2014 redevelopment. Apartment interiors feature premium ?nishes such as granite countertops, laminate ?ooring, two bathrooms in most units, in-suite washer and dryer, and all-new heating, air conditioning, and hot water systems. These modern upgrades provide residents with a high-quality living experience in a highly walkable location. The exterior offers a park-like setting with picnic tables and BBQ grills in the courtyard, creating a welcoming environment for residents. Historically, the community has been a preferred option for CMU medical students since its redevelopment in 2014; today, it appeals broadly to both medical and non-medical students seeking high-quality, modern housing. With its prime location, high-quality construction, and thoughtful upgrades, Health Professions Apartments I & II remain one of the most attractive housing options in the Mt. Pleasant market.