146 W Main Street, Morenci, MI 49256
sale
$2,750,000
|
Other
Courtesy Of Exit Realty Home Partners
1000 S Washington, Lansing, MI
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.
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Property Features
- Age: Over 50 Years Old
- Building Units: 46
- Exterior Type: Brick
- Floors: 2
- Heating System: Forced Air
- Legal Description: W 15.25 FT OF E 35 FT OF S 101.25 FT OF LOT 12 ORIGINAL PLAT
- MLSID: 291082
- Roof Type: Flat
- Rooms: Bathroom 1
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