22
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$179,900
Est. payment /mo
2 Baths
6,098 Sqft Lot
New
231 W 7th Street Monroe, MI 48161
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Monroe City
Subdivision Monroe City
MLS Listing ID 50213050
Year Built 1903
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 6098.4 Sq Feet
Source MiRealSource
Property Description
Turnkey duplex with projected gross rental income of approximately **$23,400 per year ($1,950/month)**. Both units are vacant, giving the new owner the opportunity to immediately place tenants at market rents or owner occupy one unit while generating rental income from the other. **Immediate possession means you can begin generating rental income without waiting for existing leases to expire.** Fresh paint, new carpet, and numerous updates make this property move-in and rent-ready. Separate gas and electric meters simplify tenant utility responsibilities. The spacious lower unit includes exclusive access to the full basement, while the upper 2-bedroom unit features an oversized attic offering exceptional storage space.
Location
State MI
County Monroe
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Lot Description Corner Lot
Structure Type Aluminum Siding,Block
Others
Tax ID 55-29-00026-001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by BND Realty
NEARBY SCHOOL & BUSINESS
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