Partyville Liquor, 1804 South Custer Road, Monroe, MI 48161, USA
6Bed:
4Bath:
4,345 Sq FtLiving Area:
Save
Price
$ 339,000
Show
6
more
About This
House
Multifamily opportunity. If you are looking for some passive income, this is the place for you. There are 3 apartments that are currently rented and under lease. There is also a large office space that has 4 rooms, 1.5 baths, and a lobby. The potential income for the office exceeds $2500/month income. One apartment is a 3br, 1 bath (rents $1350/month), one apartment is a 2 br, 1 bath (rents $1100/month), and the last apartment is a 1 bedroom, 1 bath (rents $650/month). The apartments are currently Section 8 income. 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 with over 10 parking spaces for tenant and office parking.
Protect Yourself FromRental Scams
While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow
expert tips to reduce the risk of fraud when renting a new apartment.
The average household income in
Monroe, MI
grew
from
$45,055
to
$47,559
in the past year. This data is an estimate based upon
7,978
households in
Monroe, MI. The chart below presents how household income is distributed in
Monroe, MI
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $2k-$3k
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Monroe, MI
compared to median property taxes around the country. The prevalent amount of property taxes in
Monroe, MI
equals
$2k-$3k
, which is
less
than the national average.