$290,000
Saline, MI 48176
MLS# 25049148
Status: Active Contingent
1 / 9
Property Description
Exceptional investment opportunity! This fully occupied tri-plex is ideally located near downtown Saline, offering three units with tenants in place. The property features a spacious garage with ample storage and three dedicated parking spaces, plus additional on-site parking for convenience. Recent updates include a new HVAC system installed in 2023 and a water heater replaced in 2025, ensuring efficiency and peace of mind for owners and residents alike. Don't miss your chance to own this turnkey multifamily property in a desirable location!
Details
Maps
Location Property Info
County: Washtenaw
Street #: 224
Street Name: Monroe
Suffix: Street
State: MI
Zip Code: 48176
Area: Ann Arbor/Washtenaw - A
OfficeContract Info
Status: Active Contingent
Current Price: $290,000
List Price: $290,000
Listing Date: 2025-09-24
General Property Info
Lot Measurement: Acres
Lot Square Footage: 21824
Lot Acres: 0.5
Lot Dimensions: 88 ft x 248 ft
Year Built: 1909
New Construction: No
Cert of Compliance: No
Road Frontage: 88
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Parking Spaces: 7
Waterfront: No
School District: Saline
Elementary School: Pleasant Ridge Elementary School
Middle School: Saline Middle School
High School: Saline High School
Association YN: No
Tax Info
Tax ID #: 18-18-01-430-006
Taxable Value: 120783
SEV: 170200
For Tax Year: 2025
Seller's Annual Property Tax: 8008
Tax Year: 2024
Spec Assessment & Ty: None
Zoning: R-3
Remarks Misc
Directions: West on E. Michigan Ave (US-12), South on Monroe, on right
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 3000
Annual Maintenance: 3000
Annual Utilities: 2000
Gross Op. Inc.: 33000
Net Operating Income: 16500
Operating Expense: 16500
Unit 1
Unit #: 1
Unit Description: Main Floor, Right
Occupied: Yes
Monthly Rent: 585
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Basement
Occupied: Yes
Monthly Rent: 600
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: Main, Left + Upstair
Occupied: Yes
Monthly Rent: 1565
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Property Features
Laundry Features: Common Area; Gas Dryer Hookup; In Basement; Washer Hookup
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Full; Slab; Walk-Out Access
Lot Description: Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: None
Extras: Sep Electric Meter
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Aggregate
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Dishwasher; Garb Disp; Range Oven; Refrigerator
Unit 2: Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Listing Office: Real Estate One Inc
Listing Agent: Kristin Mills
Last Updated: December - 21 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.