$799,000
Est. payment /mo
7,066 SqFt
Sold on 07/24/2026
926 E Front ST Monroe, MI 48161
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
UPDATED:
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,066 sqft
Price per Sqft $102
MLS Listing ID 57050180679
Sold Date 07/24/26
Year Built 1883
Lot Size 0.610 Acres
Acres 0.61
Property Description
Rare investment opportunity! This fully occupied 10-unit apartment property spans four distinct buildings on a single lot, ideally located at the corner of E Front St and Kentucky Ave. Just steps from a park and tennis courts. Built in 1883 and thoughtfully updated, the property offers a mix of 1, 2, and 3-bedroom units, all with 1 bathroom, plus a shared coin-operated laundry. Recent renovations include new roofing, luxury vinyl plank flooring, updated water heaters, key-code entry locks, and interior upgrades throughout most units. Tenants are on one-year leases, with a strong rental history and consistent on-time payments. Current gross income is approx. $116,000/year (including laundry) with a pro forma potential of $121,000/year. Estimated annual expenses are approx. $26,000, with a current net operating income of about $90,000 and a cap rate near 10% at the asking price. Don't miss this chance to own a stabilized, income-producing multifamily property with upside potential in the heart of Monroe!
Location
State MI
County Monroe
Area Area06122Monroe
Interior
Fireplace No
Exterior
View Y/N No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Monroe
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition CorporateRelocation, ShortSaleNo
©2026 Realcomp II Ltd. Shareholders
Listed by Jacob Levicki of Real Estate One Monroe
Bought with Cornerstone Real Estate
Bought with Cornerstone Real Estate
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION