512 E Main Street
Pinckney, MI 48169

More
Photos »

Tools & Resources:

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.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Livingston County
• Zip Code: 48169
• Year Built: 9999
• Subdivision/Neighborhood: Pickford Vllg
• School District: Pinckney
• Basement: Michigan Basement, Yes
• Lot Size: 18731 sq ft lot
• Construction Materials: Vinyl Siding
• Directions: M36 - property is on the South side of the Street, just before D19
• Gross Income: 44940
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Features: Sidewalk
• Lot Size Area: 0.43
• Lot Size Square Feet: 18730.8
• Lot Size Units: Acres
• MLS Area Major: Livingston County - 40
• MLS Area Minor: Livingston County - 40
• Main Type: Multi Family
• Operating Expense: 12000
• Parcel Number: 1423300021
• SEV: 122723
• Street Type: Paved
• Tax Annual Amount: 5900
• Tax Legal Description: SEC 23 T1N R4E COM SW COR, TH N87*E 1316.98 FT, TH N01*W 1004.79 FT, TH N01*E 166.7 FT TO POB, TH N01*E 115 FT, TH S86*E 162.33 FT, TH S 113.42 FT, TH N87*W 166.18 FT TO POB. .43 AC M/L PAR 1 SPLIT FROM 002 1-88
• Total Approx Sq Ft All Bldgs: 2788
• Total Num Units: 4
• Township: Pickford Vllg
• Water Source: Public