23
See all 23 photos
$116,000
Est. payment /mo
2 Baths
5,227 Sqft Lot
New
1636 Peters Street Monroe, MI 48161
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Monroe City
Subdivision Monroe City
MLS Listing ID 50223639
Year Built 1942
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 35x150
Source MiRealSource
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
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Exterior
View Y/N No
Others
Tax ID 55-49-00256-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Real Estate One Monroe
NEARBY SCHOOL & BUSINESS
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