512 E Main Street Active Save Request In-Person Tour Request Virtual Tour
Pinckney,MI 48169
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Pickford Vllg
MLS Listing ID 20251048921
Annual Tax Amount $5,900
Lot Size 0.430 Acres
Property Description
Investment Opportunity – 4-Unit Multi-Family Quadplex in the Village of Pinckney! Don't miss your chance to own 4-Unit Multi-Family Quadplex located at 512 E Main Street, complete with a detached 3-car garage that's currently leased separately for added income. This is an excellent opportunity for investors seeking a stable, income-producing property with immediate upside potential. The building includes (2) two-bedroom units and (2) one-bedroom units, all separately metered for natural gas and electricity. Each unit features its own forced-air furnace and gas water heater, minimizing landlord expenses. The landlord currently pays water, but a new owner could charge tenants for water usage or install separate water meters for each unit to further increase net operating income, while tenants pay gas, electric, and cable/internet. All units include landlord-owned appliances (stove and refrigerator), and the basement offers space to add coin-operated laundry—a great way to increase revenue. Current Lease/Tenant Status: Unit 1 – Month-to-Month, Unit 2 – Month-to-Month, Unit 3 – Vacant (ready to lease or owner-occupy), Unit 4 – Lease through 07/31/2029, Garage – Lease through 07/31/2026. Rents are currently under market, providing significant opportunity for rent increases and improved cash flow. With strong rental demand in the area and limited inventory, this property is positioned for excellent long-term returns. Located within walking distance of downtown Pinckney and just minutes to Howell's dining, shopping, and highway access, this property combines small-town charm with proven investment performance. Seller intends to complete a 1031 Exchange. Listing agent is a member of the ownership LLC and related to the seller. Showings will be limited due to tenant occupancy. Please respect the privacy of the current tenants and do not walk the property or communicate with the tenants. For property-specific questions, please contact the Listing Agent.
Location
State MI
County Livingston
Area Livingston County - 40
Zoning Commercial
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Vinyl Siding
Schools
School District Pinckney
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition {"Other":true}