40 S Monroe Street

    Monroe, MI 48161
    • $395,000
    • STATUS: Active
    • ON SITE: 324 days
    • ID#: 217100223
    UPDATED: 34 min ago
    $395,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,892
      SQFT
    • $57
      $/SQFT
    Type:
    Commercial
    Built:
    1883
    County:
    Area:
    Zoning: Commercial,Multi-Family
    Lot Size Dimensions: 85 X 150.00

    School Ratings & Info

    School District:

    Description

    Beautiful seven cash flowing properties within this building. When fully occupied the monthly rent is $4570. All of the apartments are renovated with modern features. Right on Monroe St. in the City of Monroe in the County of Monroe. Investor opportunity for greater than 10% cap. Extremely accessible to the main highways. All of the apartments are 2 bedroom units with two being over 1,300 sq. ft. each. This price is reflected upon the building being fully occupied. At the moment the commercial storefront is not occupied.

    Monthly Payment Calculator

    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-12-16T12:56:06.617.
    www.purchasemi.com/homes/80233904

    40 S Monroe Street Monroe, MI 48161

    • Price: $395,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 217100223
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    6,892
    SQFT
    $57
    $/SQFT
    1883
    Built
    Neighborhood:
    Old Vlg Plat West Of Monroe St
    County:
    Monroe
    Area:
    Monroe
    School District:
    MONROE
    Property Description
    Beautiful seven cash flowing properties within this building. When fully occupied the monthly rent is $4570. All of the apartments are renovated with modern features. Right on Monroe St. in the City of Monroe in the County of Monroe. Investor opportunity for greater than 10% cap. Extremely accessible to the main highways. All of the apartments are 2 bedroom units with two being over 1,300 sq. ft. each. This price is reflected upon the building being fully occupied. At the moment the commercial storefront is not occupied.
    Exterior Features

    Architecture Level 2 Story Construction Materials Block/Concrete/Masonry Foundation Details Basement Foundation Materials Stone Lot Size Dimensions 85 X 150.00 Road Frontage Feet 85 Road Frontage Type Paved Waterfront YN No

    Interior Features

    Heating Cooling Packaged Heat/Cool Heating Fuel Natural Gas Room Count 0 Sq Ft Main 6892 Sq Ft Office 0 Sq Ft Source Prd Unit Two Bed Number Of 6 Water Heater Fuel Natural Gas

    Property Features

    Assessment 0 Business Type ResidentialRetail Commercial Type ApartmentsCommercial Current Use Apartments Encroachment YN No Exclusions YN No Gross Scheduled Income 4570.00 Land Contract YN No Listing Financing CashConventional Monthly Sales 0 Net Operating Income 0.00 Operating Expense 0.00 Ownership Status Private OwnedShort Sale - No Possession Tbd Postal City Monroe Protection Period 90 Restrictions YN Yes Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 1905.0000 Tax Amount Winter 1914.0000 Title Private - Owned Total Tax 3819.0000 Unparsed Address 40 S MONROE ST Water Source Municipal Water Zoning CommercialMulti-Family

    IDX provided courtesy of Realcomp II Ltd., via Berkshire Hathaway Michigan and Realcomp, ©2018 Realcomp II Ltd. Shareholders.
    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-12-16T12:56:06.617.
     
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    30500 Northwestern Hwy Ste 300
    Farmington Hills MI, 48334