Fantastic investment opportunity in a great Monroe location! This updated duplex features 4 total bedrooms, fresh paint inside, brand-new carpet, stylish new countertops and a large flat backyard. Each unit offers comfortable living with modern touches, making it move-in ready for tenants or an ideal option to live in one side and rent the other. Conveniently located near downtown Monroe, schools, shopping, and Hwy 2 access, this property combines updated finishes with strong rental potential.
We are pleased to present Elizabeth Apartments, located in Monroe. Built in 1967, this well-maintained property comprises 6 spacious townhome-style units, each averaging 952SF. There is carport parking at the back of the property, as well as open parking in the front. The property also offers coin-operated common laundry facilities and private patio spaces. 3 of the 6 2-BD 1.5-BTH units feature modern upgrades, including stainless steel appliances, quartz CT, modern cabinetry, and vinyl flooring. The exterior of the property has also been recently updated with fresh paint and roofing, enhancing curb appeal and improving long-term durability. The remaining 3 classic units can be renovated to increase rents and improve long-term income.
We are pleased to present the Cherry Creek Apartments, a highly desirable 18-unit multifamily community located in Monroe, WA. It offers a diverse unit mix consisting of 1BD flats, 2BD flats, and spacious 2 & 3BD townhomes, with an average unit size of 1,134SF. The property has undergone extensive renovations, with most residences featuring SS appliances, granite CT, LVP flooring, modern lighting, refaced cabinetry, and in-unit W/D. It provides a superior parking ratio of 2.67 spaces/unit, including 20 garage spaces and 28 surface stalls. Select townhome units feature attached 2-car garages and floorplans up to 1,450SF, positioning Cherry Creek as a competitive alternative to single-family housing.
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Monroe is located in Washington. Monroe, Washington has a population of 19,879. Monroe is more family-centric than the surrounding county with 36.92% of the households containing married families with children. The county average for households married with children is 35.29%.
The median household income in Monroe, Washington is $94,349. The median household income for the surrounding county is $95,618 compared to the national median of $69,021. The median age of people living in Monroe is 34.7 years.
The average high temperature in July is 75.7 degrees, with an average low temperature in January of 34.4 degrees. The average rainfall is approximately 51.1 inches per year, with 3 inches of snow per year.