$970,000
$1,116,000
13.1%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
12 Baths
12,204 SqFt
SOLD DATE : 08/25/2023
Key Details
Sold Price $970,000
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Sold
Purchase Type For Sale
Square Footage 12,204 sqft
Price per Sqft $79
Subdivision Anderson Plat
MLS Listing ID 20230027592
Sold Date 08/25/23
Style Common Entry Building
Bedrooms 12
Full Baths 12
Originating Board Realcomp II Ltd
Year Built 1970
Annual Tax Amount $18,864
Lot Size 0.770 Acres
Acres 0.77
Lot Dimensions 90.00 x 372.00
Property Description
Incredible Investment Opportunity. A 12 unit (11-two bedrooms & 1-one-bedroom) brick colonial style building, a great location with a walkscore of 83. This very walkable location attracts tenants easily with beautiful local amenities, such as the River Raisin, St Mary's Park, bars, restaurants, coffee and an 8 minute walk to downtown Monroe. Current annual gross income of $145k. All 12 units have been consistently rented over the years of ownership. The property is nestled off the road, making it feel private with a beautiful mature landscape surrounding it. All apartments are furnished with a refrigerator, stove, furnace and built-in wall A/C. All tenants on separate meters for gas/electric, the property owner pays the water. All units have interior entrances. A total of 20 parking spots. Coin Laundry on site. Owner has renovated 9 of the 12 apartments over the last two years.
Location
State MI
County Monroe
Area Monroe
Zoning Multi-Family
Direction I-75 to ELM street, head west. Go North on N. Monroe, turn east on E Willow St.
Interior
Interior Features Circuit Breakers, Laundry Facility
Hot Water Electric
Heating Baseboard
Cooling Wall Unit(s)
Fireplace no
Heat Source Electric
Laundry 1
Exterior
Garage Spaces 20.0
Roof Type Asphalt
Porch Patio
Road Frontage Paved
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Common Entry Building
Level or Stories 3 Story
Structure Type Brick,Brick Veneer (Brick Siding)
Schools
School District Monroe
Others
Pets Allowed Yes
Tax ID 58556900014001
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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