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
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
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