Welcome to your next cash-flowing gemââ?¬â??a fully rented duplex with reliable returns. The lower unit, leased through August 31, 2026, features a cozy 1 bed, 1 bath layout with a spacious living room with new LVP flooring, a dining room with hardwood floors, and a kitchen with brand-new stainless steel appliances. Plus, enjoy convenient basement access perfect for storage and laundry, complete with an additional full bath. The upper unit, leased until February 4, 2025, offers privacy with its own rear entry staircase off the shared deck. Step inside to discover two comfortable bedrooms, a new in-unit double stack washer and dryer, and a full bathroom. The living room features a partition wall that separates it from the kitchen, which comes equipped with new flooring, a pantry, and new stainless steel appliances, including a dishwasher and fridge. Tenants enjoy outdoor space with inviting porches in the front, side, and back of the home, plus a long driveway accommodating multiple vehicles. The backyard shed provides additional storage solutions. This well-maintained rental property is in a prime location just minutes from Downtown Monroe, with amazing tenants already in place. Donââ?¬â?¢t miss out on this opportunityââ?¬â??make your offer today!
Open House:
Saturday, 11/16 2:00-4:00PM
Great duplex for investor income with 3 bedrooms downstairs and 2 bedrooms upstairs. Price is amazing with a little update to make a great property. 1st floor high ceilings with ceiling fans. Each unit has refrigerator and stove. 1st floor has small room after kitchen going to back deck. Fence in yard with shed, has outside basement steps. Small room between kitchen and bedroom that has doorway to basement, steep stairs. Basement has washer and dryer already hookup. Both apartments water heaters are in basement. Furnace for 1st floor apartment in basement. 2nd floor apartment furnace is in kitchen closet. Separate utilities, water, electric and gas, each apartment pays their own utilities. Outside steps for 2nd floor apartment, also steps for 2nd floor apartment is still in 1st floor apartment (look by basement steps for visual steps placement). Open house on Sunday, November 10 at 2:00 p.m. All pictures are in system, both apartments need updated, and price reflects.
The median home value in Monroe, MI is $183,600. This is lower than the county median home value of $209,200. The national median home value is $338,100. The average price of homes sold in Monroe, MI is $183,600. Approximately 62.9% of Monroe homes are owned, compared to 30.8% rented, while 6.29% are vacant. Monroe real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Monroe real estate agent to arrange a tour today!
Monroe, Michigan 48162 has a population of 20,344. Monroe 48162 is less family-centric than the surrounding county with 24.51% of the households containing married families with children. The county average for households married with children is 27.13%.
The median household income in Monroe, Michigan 48162 is $53,644. The median household income for the surrounding county is $68,006 compared to the national median of $69,021. The median age of people living in Monroe 48162 is 37.9 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 18.1 degrees. The average rainfall is approximately 34.4 inches per year, with 37.4 inches of snow per year.