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$310,000
Est. payment /mo
4 Baths
0.5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Monroe Twp
Subdivision Monroe Twp
MLS Listing ID 50214766
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 65x383
Source MiRealSource
Property Description
Turnkey, fully occupied 4-unit investment property offering immediate cash flow and a scenic river-view setting on approximately 0.50 acres. This well-maintained fourplex generates $3,295 per month in gross rental income, plus additional income from the coin-operated laundry. Current leases are in place through Summer 2027, providing stable, predictable income for the next owner. Separate gas and electric meters for each unit help minimize owner expenses. Tenants enjoy ample parking with 3 detached garage spaces and 2 additional enclosed garage spaces. Recent improvements include premium exterior paint, foundation façade upgrades, remodeled bathroom and sunroom in Apartment 2, vinyl plank flooring in Apartments 1-3, and fresh paint in Apartment 1. One long-term tenant assists with lawn care, snow removal, and routine property maintenance, reducing owner responsibilities while providing future rental upside.
Location
State MI
County Monroe
Interior
Heating Forced Air
Exterior
View Y/N No
Others
Tax ID 12-220-038-00
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
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Listed by Wiens And Roth Real Estate - Lambertville
NEARBY SCHOOLS & PROPERTIES
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