Address
45 & 47 S Monroe St Monroe, MI
Price
$ 459,000
Property Attributes
  • MLS#50036562
  • TypePending
  • CountyMONROE
  • CityMonroe
  • AreaMonroe
  • NeighborhoodMonroe
  • Zip48161
  • Style
  • Year Built1920
  • Taxes10520
  • Price$ 459,000
  • Bedrooms4
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage5490
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Key Realty One LLC - Monroe
Data Source:
Michigan Multiple Listing Service
Property Description

Rare Find! Investment Buildings in Downtown Monroe. Solid High Income Mixed Use Commercial/Multifamily 2 bldgs with 4 apts & 2 commercial units.(Bldg 1= 1500sf ea. unit and Bldg. 2 = 1200sf ea. unit ) 99% occupied, Updated-Utilities Individually metered including water, (tenant pays all utilities) Updated mechanicals, all apts have full appliances, laundry and front balconies. Private off street assigned parking. Bldg 47 has a basement and 2 car garage plus addl 2 car garage(These can be used for added income) Great Cap Rate

Price History
3/18/2021 Listed $459,000

General Features

Appliances Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Associated Document Count 2
Basement Block
Bathrooms 6
Beds 4
Class MULTIFAMILY
Community Amenities Laundry Facility, Sidewalks, Private Entry
Cooling Central A/C
Directions S Monroe and E 1st
Exterior Features Sidewalks, Storms/Screens, Street Lights, Exterior Balcony
Financial Terms Cash, Conventional, Conventional Blend
Fireplaces LivRoom Fireplace
Full Baths 6
Garage Attached Garage, Off Street
Heating Forced Air
Interior Features 9 ft + Ceilings, Interior Balcony, Cable/Internet Avail., Ceramic Floors, Hardwood Floors, Walk-In Closet
Legal Description Old Village East of Monroe St.N 20ft of Lot 3 and N 20.29ft of S 80.08ft of Lot 3
Listing Area Monroe (58026)
Municipality Monroe
Originating Mls Southeastern Border Association
Ownership LLC
Parking 1 Space, Permit Required
School District Monroe Public Schools
Source Mls MI Real Source
Status Pending
Status Pending
Structure Style Other/See Remarks
Subdivision Old Village
Subj To Short Sale Apprvl No
Type Multi-Family
Water Public Water
Water Heater Electric
Year Built 1920
Zoning Commercial, Mixed Use, Multi-Family

Interior Features

Bath Descriptions First Flr Bath Lav/Half, Second Flr Bath Lav/Half
Fireplace? Yes
Fuel Type Natural Gas
Total Number of Units 6
Unit 1 Occupied Y/n Yes
Unit 1 Rent Rate 800
Unit 2 Occupied Y/n Yes
Unit 2 Rent Rate 900
Unit 3 Occupied Y/n Yes
Unit 3 Rent Rate 900
Unit 4 Occupied Y/n Yes
Unit 4 Rent Rate 800
Unit 5 Occupied Y/n Yes
Unit 5 Rent Rate 800
Unit 6 Occupied Y/n Yes
Unit 6 Rent Rate 950

Exterior Features

Exterior Aluminum, Brick
Foundation Type Basement, Slab
Frontage 40
Garage # Of Car 2
Lot Dimensions 3049 sf
Lot Size Area 0.07
Separate Electric Y/n Yes
Separate Gas Y/n Yes
Separate Heat Y/n Yes
Separate Water Y/n Yes
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48161

Price
AVG $180K
$460K
Taxes
AVG $2,327
$10,520
Visits
AVG 17
16
Year Built
AVG 1960
1920
Walkscore
AVG 38
86
Data Provided by Walkscore ® not using MLS data