Address
146 W Main Street, Morenci, MI
Price
$ 2,750,000
Property Attributes
- MLS#291082
- Type
- Listing Status Active Under Contract
- CountyLENAWEE
- CityMorenci
- AreaMorenci City
- Zip49256
- StyleMulti Family
- Year Built1900
- Taxes$ 1468
- Price$ 2,750,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage900
- Lot Size0.04 Acres
Data Source:
Greater Lansing AOR (GLMLS)
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.
| Price History | |
|---|---|
| 9/8/2025 | Listed $2,750,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,See Remarks |
| Cooling | Other |
| Roof | Flat |
| Construction Materials | Brick |
| Year Built | 1900 |
| Township | Morenci City |
| Levels | Two |
| Property Subtype | Multi Family |
| Tax Year | 2024 |
| Gross Income | 385500.0 |
| Business Type | Residential,Retail |
| County | Lenawee |
| Net Operating Income | 269323.7 |
| Operating Expense | 116176.3 |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | None |
| Garage Y/N | No |
| Status | Active Under Contract |
| Directions | Properties are located within/around Hudson,Morenci & Waldron Michigan. |
| City | Morenci |
| High School District | Morenci |
| Zoning Description | Zoning |
| Number Of Units Total | 46 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 1742.4 |
| Carport Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 1468.3 |
| Lease Renewal Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active Under Contract |
| Tax Assessed Value | 19759 |
| Taxes | 58562.99 |
| MobileHomeRemainsYN | No |
| Legal Description | W 15.25 FT OF E 35 FT OF S 101.25 FT OF LOT 12 ORIGINAL PLAT |
| Senior Community | None |
Interior Features
| Basement | Michigan |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Above Grade Finished Area | 1800.0 |
| Laundry Features | Upper Level |
| Total Baths | 1 |
Exterior Features
| Parking Features | See Remarks |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.04 |
| Building Area Total | 900.0 |
| Lot Dimensions | undefinedxundefined |
| Lot Size Acres | 0.04 |
| Waterfront Y/N | No |
| Foundation Area | 900.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Average in 49256
Price
Taxes
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 26, 2026 4:00 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
