926 E Front Street
Monroe, Michigan, 48161, United States
7,066
ft²
0.61
acres
-
beds
-
baths
Property Provided By
- Jacob Levicki
- eXp Realty LLC in Monroe
- +1 (734) 244-5605
Connect with local buyer agents who are willing to offer commission savings!
Property Information
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!
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Courtesy of eXp Realty LLC in Monroe.
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This content last updated on 2025-12-16 01:56:52. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Property Provided By
- Jacob Levicki
- eXp Realty LLC in Monroe
- +1 (734) 244-5605
Connect with local buyer agents who are willing to offer commission savings!
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