40 S Monroe Street

    Monroe, MI 48161
    • $395,000
    • STATUS: Active
    • ON SITE: 109 days
    • MLS #: R217100223
    UPDATED: 18 min ago
    $395,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,892
      SQFT
    • $57
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1883
    County:

    School Ratings & Info

    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.

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    © 2018 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Toth Team - Keller Williams Ann Arbor Market Center. Data last updated: 2018-02-25T14:11:48.203.
    www.homesearchannarbor.com/homes/78596113

    40 S Monroe Street Monroe, MI 48161

    • Price: $395,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: R217100223
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    6,892
    SQFT
    $57
    $/SQFT
    1883
    Built
    Neighborhood:
    Bal Of Monroe
    County:
    Monroe
    Area:
    Bal Of 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

    Doors At Grade 0 Loading Docks 0 Lot Dimensions 85 X 150.00 Parking Spaces 0

    Interior Features

    Basement Yes Clear Ceiling Height 0.00 Office Sq Ft 0 Restrooms 0 Retail Sq Ft 0 Total Sq Ft 6892

    Property Features

    Agreement Type Sale Annual Operating Expenses 0.00 Approx Inventory Amount 0 Associations Realcomp Building Value 0 Certified Year 0 City Or Township City Commercial Subtype Commercial Cost Of Goods Sold 0 Deposit 0.00 Electric Amount 0 Equipment Value 0 Financing Terms Cash Fuel Type Gas Goodwill Amount 0 Gross Income Amount 4570 Gross Sales Amount 0 Income Year 0 Janitorial Amount 0 Land Value 0 Lease Amount 0 Legal Description Old Village Plat West Of Monroe St Pt Of Lot 1 Bound North By Miller; Boudinet; Eaton & Mccormick; East By S Monroe St; South By Stadelman; West By Al Less Oper Expenses Amount 0 Maintenance Amount 0 Municipality Monroe Net Income Amount 0.00 Ownership Private Owned Possession Tbd Present Use Apartments Sewer Type Public Square Footage Source Tax Record State Eq Value 0 State Eq Value Year 0 Summer Taxes 1905.00 Summer Taxes Year 0 Tax Value 0 Tax Year 0 Water Amount 0 Winter Taxes 1914.00 Winter Taxes Year 0 Zoning CommercialMulti-Family

    Listing provided courtesy of Berkshire Hathaway Michigan.


    © 2018 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Toth Team - Keller Williams Ann Arbor Market Center. Data last updated: 2018-02-25T14:11:48.203.
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104