902 E 8th StreetMonroe City, MI 48161

Description

UNIQUE THREE-UNIT INVESTMENT OPPORTUNITY! Excellent opportunity to own a duplex and detached single-family home on one parcel in an established Monroe neighborhood. This versatile property offers existing rental income with additional income potential. Duplex (902 E 8th Street): Fully occupied and currently generating $2,050 per month in gross rental income. Both tenants currently under lease. Features a spacious 3-bedroom lower unit, 2-bedroom upper unit, fenced yard, and separately metered gas and electric. Single-Family Home (906 E 8th Street): Recently updated 2-bedroom home featuring fresh professional paint, new flooring, and updated fixtures throughout. The home is sub-metered, with tenants responsible for gas, electric, and water, helping minimize owner-paid utility expenses. Vacant and ready for immediate occupancy, allowing the new owner to select their own tenant. POTENTIAL GROSS RENTAL INCOME OF $3,200"“$3,500 PER MONTH ($38,400"“$42,000 ANNUALLY) AT FULL OCCUPANCY! With three income-producing units across two separate buildings, this property offers an appealing combination of existing income, rental flexibility, and future investment potential. Ideal for investors looking to expand their portfolio or qualified owner-occupants interested in offsetting housing expenses with rental income. Don't miss opportunity to own this rare property. Schedule your private showing today! BTVAI

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1923

Living area

2,838 Sq Ft

Lot size

0.08 acres

Lot dimensions

3485 Sq Ft

Days on market

2

MLS^® Listing#

57050225265

Property Features

Appliances

Dishwasher · Oven · Refrigerator · Range

Cooling

None

Heating

Forced Air · Natural Gas · Separate Meters

Basement

Block

Fencing

Fenced

Construction

Vinyl Siding

Foundation

Block

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$5,314

Parcel number

554900878000