101 E McKay Street Active Save Request In-Person Tour Request Virtual Tour
Saline,MI 48176
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81025033168
Bedrooms 6
Year Built 1920
Annual Tax Amount $10,686
Lot Size 0.380 Acres
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.
Location
State MI
County Washtenaw
Area Saline
Zoning Commercial,Office,Residential
Interior
Heating Forced Air
Exterior
Garage Spaces 6.0
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Structure Type Wood
Schools
School District Saline
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional