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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Catherine McMurray

Catherine McMurray

+1(586) 291-1492
$819,900
Est. payment /mo
7,066 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 7,066 sqft

Price per Sqft $116

Subdivision Mi

MLS Listing ID 50180679

Year Built 1883

Lot Size 0.610 Acres

Acres 0.61

Lot Dimensions 128x209

Property Sub-Type Commercial/Industrial

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)

Building

Water Public Water

Others

Ownership LLC

Financing Cash,Conventional

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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

Nearby Locations

SCHOOLS PROPERTIES
Elementary Schools 10
  • 7

    Triumph Academy

    Public | KG - 8

  • 5

    Waterloo School

    Public | PK - 6

  • 5

    Manor Elementary School

    Public | PK - 6

  • 3

    Arborwood Elementary School

    Public | PK - 6

  • 0

    Monroe Catholic Elementary Schools

    Private | PK - 1

  • 0

    McEs-St. John Campus

    Private | 2 - 4

  • 0

    Monroe Catholic Elementary Schools

    Private | PK - 8

  • 0

    Trinity Lutheran School

    Private | PK - 8

  • 0

    Zion Lutheran School

    Private | PK - 8

  • 0

    Brookstone Christian Academy

    Private | PK - 5

Middle Schools 2
  • 4

    Monroe Middle School

    Public | 7 - 8

  • 0

    Orchard Center High School

    Public | 7 - 12

High Schools 1
  • 0

    St Mary Catholic Central High School

    Private | 9 - 12

School and business data provided by Attom Data.

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Catherine McMurray

Catherine McMurray

+1(586) 291-1492

Agent | License ID: 6501395313

Agent License ID: 6501395313

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