146 W Main Street
Morenci, MI, 49256 $ 2,750,000
Bedrooms-- Baths1.0 Sq 900 Monthly Estimate*
$ 17,156
for $2,750,000 with 1 full bath. This 900 square foot building was built in 1900 on a lot size of 0.04.
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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FeaturesGeneralSewer 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 N
Property Type Commercial Sale
Subdivision Name None
Garage Y/N N
Status Active
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 N
Land Lease Y/N N
Tax Annual Amount 1468.3
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 19759
Taxes 58562.99
Legal Description W 15.25 FT OF E 35 FT OF S 101.25 FT OF LOT 12 ORIGINAL PLAT
Senior Community None
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InteriorBasement Michigan
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 1800.0
Laundry Features Upper Level
Total Baths 1
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ExteriorParking 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 N
Foundation Area 900.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByTyler SchopperListing Agent
Exit Realty Home PartnersBroker
tylerschoppertr@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $17,156
- Monthly Property Taxes
- $122
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Morenci, MI
Average List Price $1,073,267
Percent of Sale Price 61%
About Morenci, MI 2,047 Population
-11% Since 2002
$ 43,002 Median Income
37.57 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
5270607 Elementary School
5270605 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/8/2025 | $2,750,000 | | Listed Price |