Property summary
The property is a six-unit multi-family building located in downtown Saline on an oversized 0.38-acre lot. Each unit contains one bedroom and one full bathroom, with updates throughout the units. Common in-unit features include a refrigerator and a range/oven; several units also include a microwave, and at least one unit has a window AC unit. The building has a current Certificate of Occupancy and provides front and rear porches, along with ample parking. It is zoned D2 (Downtown Support District), which allows mixed-use development, including residential, office, and commercial uses, and the parcel supports the addition of a second structure and/or expansion; multiple parcels may be assembled to create a larger development site. Documented improvements include a new foundation wall, and the property is within walking distance of downtown Saline shops and restaurants.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Downtown Form Based Code, DFBC districts use form-based provisions to accomplish this, with a special sensitivity to the contextual relevance of two unique downtown subdistricts within the overall DFBC, This unique z…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
D-2 · Saline, MIThe Downtown Form Based Code, DFBC districts use form-based provisions to accomplish this, with a special sensitivity to the contextual relevance of two unique downtown subdistricts within the overall DFBC, This unique z…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Downtown Form Based Code, DFBC districts use form-based provisions to accomplish this, with a special sensitivity to the contextual relevance of two unique downtown subdistricts within the overall DFBC, This unique z…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for D-2 in Saline, MI.
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