146 W Main ST, Morenci, MI 49256
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146 W Main ST, Morenci, MI 49256
146 W Main ST, Morenci, MI 49256
146 W Main ST, Morenci, MI 49256
146 W Main ST, Morenci, MI 49256
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Joe Mullaney

Joe Mullaney

+1(517) 204-4004
Listed by EXIT Realty Home Partners
$ 2,750,000
Est. payment /mo
Save
Active Under Contract

146 W Main ST Morenci, MI 49256

1 Bath

1,742 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 291082

Year Built 1900

Annual Tax Amount $1,468

Tax Year 2024

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions undefinedxundefined

Property Sub-Type Multi Family

Source Greater Lansing Association of REALTORS®

Property Description

PROPERTY PACKAGE DEAL - 43 Single-Family Rentals + 1 Commercial Multifamily; $2,750,000 TOTAL Presenting a rare portfolio package featuring 43 income-producing residential single-family homes plus 1 commercial multifamily property concentrated in southern Michigan. All for just $2,750,000 with a 9.79% cap rate with lots of room for growth. Whether you're looking to rapidly scale your portfolio or make a strategic entrance into real estate investing, this high cash-flow opportunity is priced to move! What's Included: 43 Single-Family Homes - spread across Hillsdale & Lenawee County specifically within/surrounding the cities of Hudson, Morenci & Waldron Michigan, Mixture of 2-5 bedroom units, Occupancy rates above 90%, most with long-term tenants in place. 1 Commercial Multifamily Property 2 Unit downtown commercial retail space with an apartment on the second floor. Mixed-use zoning potential, stable tenants and consistent rental history, located in a high-traffic, high-demand area. Why This Package? Immediate income from day one, diversified portfolio with risk spread across multiple units, professional management & employees already in place (optional to retain), potential to flip, hold, or syndicate Location Highlights: All properties within close proximity for easy management, located in growing rental markets with strong tenant demand, access to major highways, schools, shopping, and job centers. Full Package & Offering Memorandum Available Upon Request: Full rent roll & financial breakdown, property addresses, lease terms, photos and videos of units. Ready to Make a Power Play? Don't miss this one-of-a-kind bulk investment opportunity. Deals like this don't hit the market often if ever, especially at less than $65K per door! Contact today to schedule a portfolio walkthrough or request the financial package.

Location

State MI

County Lenawee

Direction Properties are located within/around Hudson, Morenci & Waldron Michigan.

Rooms

Basement Michigan

Interior

Heating Forced Air, See Remarks

Cooling Other

Laundry Upper Level

Exterior

Parking Features See Remarks

View Y/N No

Roof Type Flat

Building

Lot Size Range 0.04

Sewer Public Sewer

Schools

High Schools Morenci

School District Morenci

Others

Tax ID 46-xm0-000-0122-00

Acceptable Financing Cash, Conventional, Trade

Listing Terms Cash, Conventional, Trade

NEARBY SCHOOLS & PROPERTIES

Joe Mullaney

Joe Mullaney

Broker Associate | License ID: mm.mullajos

+1(517) 204-4004

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