Monroe, MI 48161
MLS# 50214766
Turnkey 4-unit investment opportunity offering immediate cash flow and a unique river-view setting on approximately 0.50 acres. All four units are currently rented, generating $3,295/month in gross rental income, plus additional income from coin-operated laundry. Looking for an owner-occupied investment? Live in one unit while rental income from the other three helps offset your housing expenses when a unit becomes available. Separate gas and electric meters help minimize owner-paid utilities, and parking includes 3 detached garage spaces plus 2 additional enclosed garage spaces. Recent improvements include exterior painting, a remodeled bathroom and sunroom in Apartment 2, vinyl plank flooring, and fresh paint. One long-term tenant currently assists with lawn care, snow removal, and routine light maintenance in exchange for below-market rent, offering future income upside. Units are available for showings with notice.
Listed by Jennifer MacLeod · Wiens And Roth Real Estate - Lambertville
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$1,517/mo
$60,000 down · $239,999 financed
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