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Additional details
$ 116,000
Est. payment /mo
New
1636 Peters ST Monroe, MI 48161
2 Beds
2 Baths
1,092 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 1,092 sqft
Price per Sqft $106
Subdivision Consolidated Land Co Inc 1
MLS Listing ID 57050223639
Bedrooms 2
Full Baths 2
Year Built 1942
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type MultiFamily
Property Description
Great Investment Opportunity in Monroe! This duplex offers an excellent opportunity for investors or owner-occupants looking to offset their housing costs with rental income. Both units are currently occupied, providing immediate income potential. One tenant has been in the property for an impressive 14 years and has a signed lease, while the second unit is currently month-to-month, offering flexibility for an investor or buyer who may want to make future changes to the tenancy. The property has been thoughtfully updated over the years, including furnaces approximately 6 and 12 years old, hot water heaters approximately 6 and 8 years old, updated flooring, newer windows approximately 8 years old, and new exterior doors. One side also features a beautifully remodeled full kitchen. Whether you're looking to rent both units and build your investment portfolio or live in one unit while renting the other to help offset your mortgage, this duplex offers versatility and opportunity. With long-term rental history, numerous updates, and a convenient Monroe location, this is a great opportunity to add an income-producing property to your portfolio or make owner-occupied living more affordable. Two units. Multiple possibilities. One great investment!
Location
State MI
County Monroe
Area Area06122Monroe
Interior
Heating Forced Air, Natural Gas, Separate Meters
Fireplace No
Exterior
View Y/N No
Building
Foundation CrawlSpace
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Monroe
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Deborah Lambrix of Real Estate One Monroe
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