926 E Front

Monroe, MI 48161
  • $879,900

    Price
  • 17

    Bed
  • 10

    Bath
  • 7,066

    SqFt

About the Listing 95718 - 709830

Rare investment opportunity! This fully occupied 10-unit apartment property spans four distinct buildings on a single lot, ideally located at the corner of E Front St and Kentucky Ave. Just steps from a park and tennis courts. Built in 1883 and thoughtfully updated, the property offers a mix of 1, 2, and 3-bedroom units, all with 1 bathroom, plus a shared coin-operated laundry. Recent renovations include new roofing, luxury vinyl plank flooring, updated water heaters, key-code entry locks, and interior upgrades throughout most units. Tenants are on one-year leases, with a strong rental history and consistent on-time payments. Current gross income is approx. $116,000/year (including laundry) with a pro forma potential of $121,000/year. Estimated annual expenses are approx. $26,000, with a current net operating income of about $90,000 and a cap rate near 10% at the asking price. Don’t miss this chance to own a stabilized, income-producing multifamily property with upside potential in the heart of Monroe!

Listing Highlights for 926 E Front

Status Active
Days on Site 73
Property Type Multi-Family
MLS ® 50180653
Year Built 1883
Total Square Footage 7,066
Lot/Acreage 0.61
County Monroe
Neighborhood None
School District Monroe Public Schools

Interior Details

  • Bedrooms: 17
  • Bathrooms: 10 Full
  • Appliances:
  • Air Cond:
  • Heating: Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 7066
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Public Water

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 128x209
  • Roof:
  • Others:
  • Sewer: Public Sanitary

Financial Details

  • Tax Amount: $12,554
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

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926 E Front Monroe, MI 48161

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Originating MLS: Southeastern Border Association of REALTORS

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