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$ 299,999
Est. payment | /mo
5 Beds
4 Baths
2,530 SqFt
$ 299,999
Est. payment | /mo
5 Beds
4 Baths
2,530 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,530 sqft
Price per Sqft $118
MLS Listing ID 57050214766
Bedrooms 5
Full Baths 4
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type MultiFamily
Property Description
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.
Location
State MI
County Monroe
Area Area06121Monroetwp
Interior
Heating Forced Air, Natural Gas, Separate Meters
Fireplace No
Exterior
Parking Features FiveCarGarage, Detached
Garage Spaces 5.0
Waterfront Description RiverFront
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Monroe
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Jennifer MacLeod of Wiens And Roth Real Estate - Lambertville