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$310,000
Est. payment /mo
5 Beds
4 Baths
2,530 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,530 sqft
Price per Sqft $122
MLS Listing ID 57050214766
Bedrooms 5
Full Baths 4
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type MultiFamily
Property Description
Turnkey, fully occupied 4-unit investment property offering immediate cash flow and a scenic river-view setting on approximately 0.50 acres. This well-maintained fourplex generates $3,295 per month in gross rental income, plus additional income from the coin-operated laundry. Current leases are in place through Summer 2027, providing stable, predictable income for the next owner. Separate gas and electric meters for each unit help minimize owner expenses. Tenants enjoy ample parking with 3 detached garage spaces and 2 additional enclosed garage spaces. Recent improvements include premium exterior paint, foundation façade upgrades, remodeled bathroom and sunroom in Apartment 2, vinyl plank flooring in Apartments 1-3, and fresh paint in Apartment 1. One long-term tenant assists with lawn care, snow removal, and routine property maintenance, reducing owner responsibilities while providing future rental upside.
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
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