Description
Incredible Investment Opportunity. A 12 unit (11-two bedrooms & 1-one-bedroom) brick colonial style building, a great location with a walkscore of 83. This very walkable location attracts tenants easily with beautiful local amenities, such as the River Raisin, St Mary's Park, bars, restaurants, coffee and an 8 minute walk to downtown Monroe. Current annual gross income of $145k. All 12 units have been consistently rented over the years of ownership. The property is nestled off the road, making it feel private with a beautiful mature landscape surrounding it. All apartments are furnished with a refrigerator, stove, furnace and built-in wall A/C. All tenants on separate meters for gas/electric, the property owner pays the water. All units have interior entrances. A total of 20 parking spots. Coin Laundry on site. Owner has renovated 9 of the 12 apartments over the last two years.
Location
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Listing Agent: Chris Griffin
Listing Office: Griffin Properties & Management Co
