42
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$695,000
Est. payment /mo
0.38 Acres Lot
Coming Soon
101 E McKay Street Saline, MI 48176
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Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Coming Soon
Purchase Type For Sale
Municipality Saline City
MLS Listing ID 25033168
Year Built 1920
Annual Tax Amount $10,686
Tax Year 2024
Lot Size 0.376 Acres
Acres 0.38
Lot Dimensions 99x165
Property Sub-Type 5+ Units
Property Description
Open Sunday 2-4PM. Incredible investment opportunity in the heart of downtown Saline! Don't miss your chance to own this fully rented six-unit income property, ideally situated just steps from the vibrant shops and restaurants of downtown Saline. Each unit features one bedroom and one full bathroom, and all have been nicely updated—making this a truly turn-key opportunity for investors. Every unit includes a refrigerator and range/oven; several also come furnished with a microwave, and one features a window AC unit. With a current Certificate of Occupancy, this property offers peace of mind and immediate cash flow. It sits on an oversized lot with ample parking, charming front and rear porches, and tremendous potential for expansion or even the addition of a second structure. These opportunities are rarely found in this central location. Zoned D2 (Downtown Support District), this flexible parcel supports mixed-use development, including residential, office, and commercial uses. One could also assemble multiple parcels to create a larger developmentideal for investors with long-term vision. Major recent upgrades include a new foundation wall, providing valuable structural updates and built-in equity for the next owner. Whether you're seeking your first investment property or a strategic addition to your portfolio, this well-positioned asset checks all the boxes. See attached documents for detailed rental information. These opportunities are rarely found in this central location. Zoned D2 (Downtown Support District), this flexible parcel supports mixed-use development, including residential, office, and commercial uses. One could also assemble multiple parcels to create a larger developmentideal for investors with long-term vision. Major recent upgrades include a new foundation wall, providing valuable structural updates and built-in equity for the next owner. Whether you're seeking your first investment property or a strategic addition to your portfolio, this well-positioned asset checks all the boxes. See attached documents for detailed rental information.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Fireplaces Number 1
Exterior
Parking Features Asphalt, Driveway
Utilities Available Natural Gas Connected, Electricity Connected, Cable Connected
View Y/N No
Total Parking Spaces 6
Building
Sewer Public Sewer
Structure Type Wood Siding
New Construction No
Schools
School District Saline
Others
Tax ID 18-18-01-126-020
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Keller Williams Ann Arbor Mrkt