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USAMIMonroe926 E Front St
50180653-0bf19a05-333e-4337-982b-b7f10673965d.JPG | Image 1
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$899,900

926 E Front St, Monroe, MI

Real Estate

For Sale

$--,---,---
17100
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 7066 sqft
Garage No
Taxes $12,554
Days Active 1
Lot Size 
Approx. Age 1883
Avg. Price Per Sqft $127
MLS® Number 57050180653

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Rare investment opportunity! This fully occupied 10-unit apartment property spans four distinct buildings on a single lot, ideally located at the corner of E Front St and Kentucky Ave. Just steps from a park and tennis courts. Built in 1883 and thoughtfully updated, the property offers a mix of 1, 2, and 3-bedroom units, all with 1 bathroom, plus a shared coin-operated laundry. Recent renovations include new roofing, luxury vinyl plank flooring, updated water heaters, key-code entry locks, and interior upgrades throughout most units. Tenants are on one-year leases, with a strong rental history and consistent on-time payments. Current gross income is approx. $116, 000/year (including laundry) with a pro forma potential of $121, 000/year. Estimated annual expenses are approx. $26, 000, with a current net operating income of about $90, 000 and a cap rate near 10% at the asking price. Don't miss this chance to own a stabilized, income-producing multifamily property with upside potential in the heart of Monroe!Show Description
MLS® Number57050180653
Laundry Level
Central VacNo
FireplaceNo
Acreage0.61
Exterior
GarageNo
Approx. Age1883
Basement
Driveway
Garage Spaces
HeatForced Air, Natural Gas, Separate Meters
A/C
Heating Fuel

Extras

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