22
See all 22 photos
$179,900
Est. payment /mo
3 Beds
2 Baths
1,630 SqFt
New
231 W 7th ST Monroe, MI 48161
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,630 sqft
Price per Sqft $110
Subdivision Curtis & Wilson - Monroe City
MLS Listing ID 57050213050
Bedrooms 3
Full Baths 2
Year Built 1903
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type MultiFamily
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
Area Area06122Monroe
Rooms
Basement Block
Interior
Heating Forced Air, Natural Gas, Separate Meters
Cooling Ceiling Fans
Fireplace No
Exterior
Exterior Feature Balcony
Parking Features OnStreet
View Y/N No
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Monroe
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition CorporateRelocation, ShortSaleNo
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Listed by Mitchell Petree of BND Realty
NEARBY SCHOOL & BUSINESS
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