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44 E WILLOW Street Monroe, MI 48162 2681
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Key Details
Sold Price $970,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,204 sqft
Price per Sqft $79
Subdivision Mi
MLS Listing ID 60204999
Sold Date 08/25/23
Full Baths 12
Year Built 1970
Annual Tax Amount $18,864
Lot Size 0.770 Acres
Acres 0.77
Lot Dimensions 90.00 x 372.00
Property 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
State MI
County Monroe
Area Monroe (58026)
Zoning Multi-Family
Interior
Heating Baseboard, Electric Heat
Cooling Wall/Window A/C
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Waterfront No
Building
Foundation Slab
Water Public Water
Structure Type Brick
Schools
School District Monroe Public Schools
Others
Ownership Private
Energy Description Electric
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with LPS