For more information regarding the value of a property, please contact us for a free consultation.
714 N Monroe +19 others Bay City, MI 48708
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,403 sqft
Price per Sqft $287
Subdivision Mi
MLS Listing ID 50063733
Sold Date 05/31/22
Style Other/See Remarks
Bedrooms 16
Full Baths 16
Year Built 1873
Annual Tax Amount $5,750
Tax Year 2021
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 110x200
Property Description
A rare opportunity to either jump start your rental portfolio, or expand an empire with 20 turn-key properties, for a total of 41 units! All properties are currently leased at below market rents, so there is immediate potential to increase your revenue once leases expire. All have been inspected, with city rental certifications all up to date. All properties are nicely updated, and well managed. Many have had extensive recent updates, including 5 with newer furnaces (last 5 years or less), 7 with updated windows and municipal approved lead remediation, and 6 others with newer roofs. All properties are equipped with refrigerators & ovens. 714 N. Monroe & 901 Germania have coin operated laundry facilities. Appliances will remain with properties.
Location
State MI
County Bay
Area Bay City (09016)
Zoning Multi-Family,Residential
Rooms
Basement Other
Interior
Heating Hot Water
Fireplace No
Exterior
Exterior Feature Cedar, Vinyl Siding, Wood
Garage Detached Garage
Garage Spaces 2.5
Amenities Available Grounds Maintenance, Laundry Facility
Waterfront No
Building
Story Other/See Remarks
Foundation Basement
Water Public Water
Structure Type Cedar,Vinyl Siding,Wood
Schools
School District Bay City School District
Others
Ownership LLC
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Read Less
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with NONMEMBER
GET MORE INFORMATION