This is the deal of the century in an investment opportunity. 2 houses on same parcel! Each house is a 2BR/1Bath and is currently rented. The front home is $1000/month and the back home is $900/month. All utilities are separate. Spacious city lot on dead end portion of E 8th Street in a very quiet neighborhood. House on the front of the property has a full basement while the house on the back portion is on a crawl. Front home is in the process of being completely painted and updated. This is an opportunity for instant income. BATVAI
Unique opportunity to own a piece of Monroe historyâ??the original Woodland Farms homestead! This multi-unit property features a stand-alone 3 bedroom, 1 bath home with full basement (Unit 6) plus five additional rental units. Units 1â??3 offer full basements, while Units 4 & 5 provide convenient single-floor living. Units 1â??5 have been recently updated with paint, flooring, kitchens, and bathrooms. Separate heating and electric for all units with shared water expenses. All units include washer/dryer hook ups with Units 4 & 5 sharing a utility room. Property also includes four garage spaces with an attached enclosed office area for additional rental or storage opportunities. The original 38x175 dairy barn with loft features new metal siding and an updated roof. Significant income potential awaits your imagination: storage, event center, housing or possible recreational rental facility. Peaceful setting with views of the River Raisin in front and open farmland behind. Direct access to the newly extended Heritage Bike Trail from the front of the property. Excellent owner-occupant or income investment opportunity.
Investment opportunity! Affordable duplex, both occupied. 815 Union is a 2 bedroom 1 bath unit. 821 Union is a 1 bedroom 1 bath unit. Large yard. Basement - New basement floor and new patio 2025. New porch railing. 820 Union-new kitchen cabinets, new bathroom vanity and toilet. Both tenants pay their own separate utilities. Nice porch. Across from newly built park.
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. Donâ??t miss this chance to own a stabilized, income-producing multifamily property with upside potential in the heart of Monroe!
It is a fantastic investment property. Rent all 3 units out or live in one and rent the others. So many options. Beautifully maintained and spacious units. 3 car garage, full basement shared access for main floor units, upper unit access from outside. Huge lot. Upper unit has a large attic for storage. Unit 1: Main floor: 2 bedrooms, 1.5 baths. Unit 2: Upper: 2 bedrooms. Unit 3: Main Floor living space with 1 bath
Monroe is located in Michigan. Monroe, Michigan has a population of 20,344. Monroe is more family-centric than the surrounding county with 28.74% of the households containing married families with children. The county average for households married with children is 27.13%.
The median household income in Monroe, Michigan is $53,644. The median household income for the surrounding county is $68,006 compared to the national median of $69,021. The median age of people living in Monroe is 37.9 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 18.1 degrees. The average rainfall is approximately 34.4 inches per year, with 37.4 inches of snow per year.
