Saline, MI 48176 101 E McKay Street

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Presented By: Kiara Nelson at Keller Williams Ann Arbor Mrkt - (734) 995-9400
  • MLS# 25033168
  • 07/08/2025
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Home Details

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.
Presented By: Kiara Nelson at Keller Williams Ann Arbor Mrkt - (734) 995-9400

Interior Features for 101 E McKay Street

Bathrooms

Total Baths

Other Interior Features

BasementMichigan Basement
Basement (Y/N)Yes
Heating Y/NYes
Total Fireplaces1

General for 101 E McKay Street

Additional Parcels Y/NNo
Attached Garage No
CitySaline
Construction MaterialsWood Siding
CountyWashtenaw
HeatingForced Air
High School DistrictSaline
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal Description*OLD SID - 18 18-045-021-00 SC 3-14 LOT 17 ASSESSOR'S PLAT NO. 2.
Listing TermsCash, Conventional
Lot Size Square Feet16379.0
Lot Size UnitsAcres
MLS AreaAnn Arbor/Washtenaw - A
MLS Area MinorAnn Arbor/Washtenaw - A
MobileHomeRemainsYNNo
ModificationTimestamp2025-07-24T14:12:12Z
New ConstructionNo
Number Of Units Total6
Occupancy TypeTenant
OwnerPaysNone
OwnershipCorporate Owned
PossessionSubject To Tenant Rights
Property Subtype5+ Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount10686.0
Tax Assessed Value157000
Tax Year2024
Tenant PaysElectric, Water, Trash, Sewer, Gas
TownshipSaline City
UtilitiesNatural Gas Connected, Electricity Connected, Cable Connected
Year Built1920
Zoning DescriptionD-2

Exterior for 101 E McKay Street

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions99x165
Lot Size Acres0.38
Lot Size Area0.38
Number of Buildings1
Parking FeaturesAsphalt, Driveway
SpaNo
Total Parking6.0
Waterfront Y/NNo

Additional Details

Price History

Sarah Goers

Real Estate Broker
Price $650,000
MLS#25033168
List Date 07/08/2025
Property Type Multi-Family
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