MI > Monroe > Mi
Monroe, MI 48161,926 E Front Street
Monroe, MI 48161,926 E Front Street
Monroe, MI 48161,926 E Front Street
Monroe, MI 48161,926 E Front Street
Monroe, MI 48161,926 E Front Street
Monroe, MI 48161,926 E Front Street
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 879,900
Est. payment | /mo

17 Beds

10 Baths

7,066 SqFt

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$ 879,900
Est. payment | /mo
Save Virtual Tour

17 Beds

10 Baths

7,066 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,066 sqft

Price per Sqft $124

Subdivision Mi

MLS Listing ID 50180653

Style 2 Story

Bedrooms 17

Full Baths 10

Year Built 1883

Annual Tax Amount $12,554

Lot Size 0.610 Acres

Acres 0.61

Lot Dimensions 128x209

Property Sub-Type Multi-Family

Property Description

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. Don't miss this chance to own a stabilized, income-producing multifamily property with upside potential in the heart of Monroe!

Location

State MI

County Monroe

Area Monroe (58026)

Interior

Heating Forced Air

Fireplace No

Building

Story 2 Story

Foundation Basement

Water Public Water

Schools

School District Monroe Public Schools

Others

Ownership LLC

SqFt Source Public Records

Energy Description Natural Gas

Financing Cash,Conventional

Virtual Tour https://tim-zeipekis-photography.aryeo.com/sites/kjqapze/unbranded

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by eXp Realty LLC in Monroe
agent-avatar

"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

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926 E Front Street