The property consists of 32 well-maintained one- and two-bedroom apartment units. Combined with Village Commons, the offering provides operational efficiencies and a complementary unit mix of one-, two-, and three-bedroom rental options within the same submarket. Full financials, rent roll, and property details are available in the Offering Memorandum.
The 12-unit Village Commons townhome community in Livingston County is offered in combination with the apartments at 240 Park Street, located approximately one mile away, creating a 44-unit multifamily investment opportunity. Village Commons consists exclusively of three-bedroom, two-bath townhomes featuring attached garages, private entrances, and in-unit laundry. The community is currently 100% occupied. Average rents are estimated to be approximately 35% to 40% below the cost of comparable single-family homeownership within the Livingston County market, supporting continued rent growth and long-term demand from residents seeking the space and privacy of a home at a more attainable monthly cost.
Calling all investors! Great income opportunity in the Village of Pinckney! 5 units - 3 of them are 2 bedroom, 1 bath and 2 units are 2 bed, 1.5 bath; all have garages. Two of the units had the flooring updated in 2024. Currently operating at a 5% cap rate with room for improvement based on current leases being renewed at $1250/mo. Serious buyers will be able to schedule a private showing of the units with the seller. Don't miss out on this great investment opportunity!
Investment Opportunity ââ?¬â?? 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 ââ?¬â?? Month-to-Month, Unit 2 ââ?¬â?? Month-to-Month, Unit 3 ââ?¬â?? Vacant (ready to lease or owner-occupy), Unit 4 ââ?¬â?? Lease through 07/31/2029, Garage ââ?¬â?? Lease through 08/31/2026. 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.
Pinckney is located in Michigan. Pinckney, Michigan has a population of 2,059. Pinckney is more family-centric than the surrounding county with 32.42% of the households containing married families with children. The county average for households married with children is 32.11%.
The median household income in Pinckney, Michigan is $83,094. The median household income for the surrounding county is $88,908 compared to the national median of $69,021. The median age of people living in Pinckney is 42.8 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 33.4 inches per year, with 40.2 inches of snow per year.
