Open House:
Sunday, 11/10 1:00-3:00PM
Prime investment opportunity! TWINPLEX... Live in one unit and rent the other or rent them both! This multifamily property offers excellent income potential in a desirable, centrally located neighborhood. Each unit, (north side unit is 3 bedroom 1 1/2 baths south side unit 4 bedroom 1 1/2 baths) provides spacious layouts with appealing features, ideal for attracting long-term tenants. Just minutes from Monroe's downtown area, residents will enjoy easy access to shops, dining, schools, and parks. With strong rental demand in the area proximity to major highways for commuters, this property is a great addition to any portfolio. Don't miss out on this solid, income-generating asset in a thriving community!
11 unit rental building all units feel like mini condos. 3 three bedroom units and 8 two bedroom units. Three bedroom units all have 1.5 baths. One of the three bedroom units has a 2 car attached garage. Many long term tenants, roof was replaced in 2022. Apartments all back up to a large court yard. Great location with easy access to I 75 and a nice quiet location.
Well maintained 2 story rental units with maintenance man occupying basement apartment. Unit 2 rented out to same long term tenants on month to month basis. Off street parking in driveway in front and parking area in back off alley. Separate entrances to all 3 units. Within short walking distance to downtown Monroe.
It is a fantastic investment property. Rent all 3 units out or live in one and rent the others. So many options. Beautifully maintained and spacious units. 3 car garage, full basement shared access for main floor units, upper unit access from outside. Huge lot. Upper unit has a large attic for storage. Unit 1: Main floor: 2 bedrooms, 1.5 baths. Unit 2: Upper: 2 bedrooms. Unit 3: Main Floor living space with 1 bath
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 48161 has a population of 20,344. Monroe 48161 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 48161 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 48161 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.