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$309,000
Est. payment /mo
1,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $171
Municipality Monroe City
Subdivision Monroe City
MLS Listing ID 20250033363
Year Built 1950
Annual Tax Amount $8,179
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 120.00 X 120.00
Source Realcomp
Property Description
MULTIFAMILY OPPORTUNITY! IF YOU ARE LOOKING FOR SOME POSITIVE, EASY, AND PASSIVE INCOME, THIS IS THE PLACE FOR YOU. THERE IS 1 APARTMENT THAT IS CURRENTLY RENTED AND UNDER LEASE. EACH APARTMENT IS A MONTH TO MONTH LEASE AND BUYER WILL ASSUME ALL TENANT'S RIGHTS. NEW TENANT MOVING IN ON APRIL 1, 2026 IN THE ONE BEDROOM WITH RENT OF $690. CURRENT TENANTS HAVE ALWAYS PAID ON TIME. PROPERTY IS MANAGED BY SELLER. ON GROUND LEVEL, THERE IS ALSO A LARGE OFFICE SPACE THAT HAS 4 ROOMS, 1.5 BATHS, AND A LOBBY. THIS OFFICE SPACE CAN BE REVERTED BACK INTO A 4 BEDROOM APARTMENT GIVING THE NEW BUYERS MORE INCOME REVENUE (ABOUT $2000.00). THIS PROPERTY OFFERS A STRONG INVESTMENT POTENTIAL IN A NEIGHBORHOOD THAT HAS ALREADY SEEN SIGNIFICANT REVITALIZATION AND IS POSED FOR ON GOING GROWTH. THE PROPERTY HAS A LARGER PARKING LOT FOR 12 PARKING SPACES FOR TENANT AND OFFICE PARKING. SELLER IS MOTIVATED TO SELL BUT WILL NOT TAKE LOW OFFERS. COME BRING YOUR NEW BUYERS AND/OR INVESTOR FOR AN OPPORTUNITY THAT WILL RESULT IN IMMEDIATE INCOME!LICENSED REAL ESTATE AGENT MUST BE ON SITE WITH BUYER(S) DURING ALL SHOWINGS. LOCKBOX IS LOCATED ON THE EAST SIDE OF THE BUILDING ON THE FRONT OFFICE DOOR. BATVAI PLEASE RESPECT ALL TENANTS DURING SHOWINGS AS TENANTS ARE UNDER CURRENT LEASES.TENANTS NEED 48 HOURS FOR ALL SHOWINGS. CONTINENT ON RELEASE OF PREVIOUS CONTRACT.
Location
State MI
County Monroe
Area Monroe County - 60
Zoning COMMERCIAL
Direction SOUTH ON TELEGRAPH, WEST ON S. CUSTER ABOUT 10 BLOCKS.
Rooms
Basement Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Block, Slab
Water Public
Structure Type Brick
Schools
School District Monroe
Others
Tax ID 58551900980000
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