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$ 239,900
Est. payment /mo
New
902 E 8th Street Monroe, MI 48161
3 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Monroe City
Subdivision Monroe City
MLS Listing ID 50225265
Year Built 1923
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 3485 Sq Ft
Source MiRealSource
Property Description
UNIQUE THREE-UNIT INVESTMENT OPPORTUNITY! Excellent opportunity to own a duplex and detached single-family home on one parcel in an established Monroe neighborhood. This versatile property offers existing rental income with additional income potential. Duplex (902 E 8th Street): Fully occupied and currently generating $2,050 per month in gross rental income. Both tenants currently under lease. Features a spacious 3-bedroom lower unit, 2-bedroom upper unit, fenced yard, and separately metered gas and electric. Single-Family Home (906 E 8th Street): Recently updated 2-bedroom home featuring fresh professional paint, new flooring, and updated fixtures throughout. The home is sub-metered, with tenants responsible for gas, electric, and water, helping minimize owner-paid utility expenses. Vacant and ready for immediate occupancy, allowing the new owner to select their own tenant. POTENTIAL GROSS RENTAL INCOME OF $3,200–$3,500 PER MONTH ($38,400–$42,000 ANNUALLY) AT FULL OCCUPANCY! With three income-producing units across two separate buildings, this property offers an appealing combination of existing income, rental flexibility, and future investment potential. Ideal for investors looking to expand their portfolio or qualified owner-occupants interested in offsetting housing expenses with rental income. Don't miss opportunity to own this rare property. Schedule your private showing today! BTVAI
Location
State MI
County Monroe
Direction S
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Lot Description Sidewalk
Structure Type Block
Others
Tax ID 55-49-00878-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by BND Realty
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CJ Johnson
Agent License ID: 6501457704