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$ 299,999
Est. payment | /mo
4 Baths
0.5 Acres Lot
$ 299,999
Est. payment | /mo
4 Baths
0.5 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Monroe Twp
Subdivision Monroe Twp
MLS Listing ID 50214766
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 65x383
Source MiRealSource
Property Description
Turnkey 4-unit investment opportunity offering immediate cash flow and a unique river-view setting on approximately 0.50 acres. All four units are currently rented, generating $3,295/month in gross rental income, plus additional income from coin-operated laundry. Looking for an owner-occupied investment? Live in one unit while rental income from the other three helps offset your housing expenses when a unit becomes available. Separate gas and electric meters help minimize owner-paid utilities, and parking includes 3 detached garage spaces plus 2 additional enclosed garage spaces. Recent improvements include exterior painting, a remodeled bathroom and sunroom in Apartment 2, vinyl plank flooring, and fresh paint. One long-term tenant currently assists with lawn care, snow removal, and routine light maintenance in exchange for below-market rent, offering future income upside. Units are available for showings with notice.
Location
State MI
County Monroe
Interior
Heating Forced Air
Exterior
View Y/N No
Others
Tax ID 12-220-038-00
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Listed by Wiens And Roth Real Estate - Lambertville
Nearby Locations
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