Livingston County Apartment & Townhome Community
Pinckney, MI
44 Units | 12 Townhomes + 32 Apartments
Number of Units
44
Number of Properties
2
Total Building SF
43,400
Total Land Size
8.328 acres
Sale Price
$6,500,000
Cap Rate
6.58%
Cap Rate - Year 2
7.49%
NOI
$427,788
NOI - Year 2
$488,359
Occupancy
97.00%
Diversified 44-Unit Livingston County Multifamily Portfolio
Rare opportunity to acquire a suburban rental portfolio totaling 44 units across two complementary communities in Pinckney, Michigan: a 32-unit garden apartment community and a 12-unit townhome rental neighborhood.
Strong In-Place Cash Flow with Immediate Scale
Portfolio generates approximately $427K+ combined NOI with stable occupancy across both assets, providing immediate yield with operational efficiency from shared market management.
Complementary Product Mix Capturing Broad Rental Demand
Portfolio blends traditional apartments and rare 3-bedroom townhomes, appealing to both workforce renters and family-oriented tenants seeking suburban housing alternatives to homeownership.
Supply-Constrained Livingston County Submarket
Located in Pinckney within the Ann Arbor commuter region, both properties benefit from limited new multifamily development, strong household incomes (~$100K+ median), and sustained rental demand in a high-barrier suburban environment.
Park St. Apartments
240 Park St, Pinckney, MI 48169
$3,650,000
Number of Units
32
Land Acres
1.468
Year Renovated
2023
Building SF
26,720
Year Built
1974
# of parcels
4
The Village Commons
711 Cattail Ln, Pinckney, MI 48169
$2,850,000
Number of Units
12
Land Acres
6.86
# of parcels
6
Building SF
20,400
Year Built
2003