Multifamily opportunity! If you are looking for some positive, easy, and passive income, this is the place for you. There is 1 apartment that is currently rented and under lease. Each apartment is a month to month lease and buyer will assume all tenant's rights. New tenant moving in on April 1, 2026 in the one bedroom with rent of $690. Current tenants have always paid on time. Property is managed by seller. On ground level, there is also a large office space that has 4 rooms, 1.5 baths, and a lobby. This office space can be reverted back into a 4 bedroom apartment giving the new buyers more income revenue (about $2000.00). This property offers a strong investment potential in a neighborhood that has already seen significant revitalization and is posed for on going growth. The property has a larger parking lot for 12 parking spaces for tenant and office parking. Seller is motivated to sell but will not take low offers. Come bring your new buyers and/or investor for an opportunity that will result in immediate income! Licensed real estate agent must be on site with buyer(s) during all showings. Lockbox is located on the east side of the building on the front office door. BATVAI PLEASE RESPECT ALL TENANTS DURING SHOWINGS AS TENANTS ARE UNDER CURRENT LEASES. Tenants need 48 hours for all showings. Continent on release of previous contract.
General Information
Sale Price: $309,000
Price/SqFt: $172
Status: Active
MLS#: rcomi20250033363
City: monroe
Post Office: monroe
Schools: monroe
County: Monroe
Acres: 0.33
Lot Dimensions: 120.00 x 120.00
Size: 1,800 sq.ft.
Acreage: 0.33 est.
Year Built: 1950
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $4,246 Est. Winter Taxes: $3,933
