926 E Front Street

Monroe, Michigan 48161

  • 0 Bed(s)
  • 10 Bath(s)
  • 7,066 Sqft
  • 0.61
    Acre(Lot)
$899,900

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!

  • Property Type

    Multifamily

  • County

    Monroe

  • Style

    Multifamily

  • AD ID

    50334081

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Property Details

  • Bathroom Information

    • Total Baths: 10
    • Full Baths: 10

    Heating & Cooling

    • Heating: Forced Air,Separate Meters
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1883
    • Building Stories: 2 Story
    • Total Units: 10
    • Foundation/Basement: Basement

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.61
    • Dimensions: 128x209

    Property Information

    • SQ ft: 7066
    • Subdivision: None
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $840,000

    Listing Information

    • Possession: At Close
    • Legal Description: LOT BOUND NORTH BY FRONT ST; EAST BY CITY OF MONROE; SOUTH BY ILGENFRITZ; WEST BY PITOCK BEING 128 FT ON FRONT ST & 203 FT IN DEPTH IN PC 500 ALSO DESCRIBED AS; COMM 939.41 FT S 48D 44M 54S FROM THE INTERSECTION OF THE SOUTH LINE OF EAST FRONT STREET AND THE EAST LINE OF JEROME STREET; PRECEEDING THENCE SOUTH 48 DEGREES 44 MINUTES 54 SECONDS EAST 139.11FT; TH S 32D 53M 16S W 205.58FT; TH N 53D 50M 24S W 138.00 FT; TH N 32D 39M 56S E 217.00 FT TO POB.

  • Tax Information

    • Annual Tax: $12,554
    • Parcel Number: 554901491000

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: LOT BOUND NORTH BY FRONT ST; EAST BY CITY OF MONROE; SOUTH BY ILGENFRITZ; WEST BY PITOCK BEING 128 FT ON FRONT ST & 203 FT IN DEPTH IN PC 500 ALSO DESCRIBED AS; COMM 939.41 FT S 48D 44M 54S FROM THE INTERSECTION OF THE SOUTH LINE OF EAST FRONT STREET AND THE EAST LINE OF JEROME STREET; PRECEEDING THENCE SOUTH 48 DEGREES 44 MINUTES 54 SECONDS EAST 139.11FT; TH S 32D 53M 16S W 205.58FT; TH N 53D 50M 24S W 138.00 FT; TH N 32D 39M 56S E 217.00 FT TO POB.

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 07/04/2025 @ 15:12

  • MLS: 629571530
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 0 bedrooms which is for sale, it has 7,066 sqft, 1 sized lot, and 0 parking. are nearby neighborhoods.