Multifamily opportunity! If you are looking for some positive, easy, and passive income, this is the place for you. There is 1 apartment that is currently rented and under lease. Each apartment is a month to month lease and buyer will assume all tenant's rights. New tenant moving in on April 1, 2026 in the one bedroom with rent of $690. Current tenants have always paid on time. Property is managed by seller. On ground level, there is also a large office space that has 4 rooms, 1.5 baths, and a lobby. This office space can be reverted back into a 4 bedroom apartment giving the new buyers more income revenue (about $2000.00). This property offers a strong investment potential in a neighborhood that has already seen significant revitalization and is posed for on going growth. The property has a larger parking lot for 12 parking spaces for tenant and office parking. Seller is motivated to sell but will not take low offers. Come bring your new buyers and/or investor for an opportunity that will result in immediate income! Licensed real estate agent must be on site with buyer(s) during all showings. Lockbox is located on the east side of the building on the front office door. BATVAI PLEASE RESPECT ALL TENANTS DURING SHOWINGS AS TENANTS ARE UNDER CURRENT LEASES. Tenants need 48 hours for all showings. Continent on release of previous contract.
Multi-familyProperty Type
1950Year Built
0.33 acresLot Size
$67Price/Sq.Ft.
12 spacesParking
Listed by Jeffrey Menzer• RE/MAX Moves
Bought with Penny Tarwacki• Real Estate One-Southgate
Multifamily opportunity! If you are looking for some positive, easy, and passive income, this is the place for you. There is 1 apartment that is currently rented and under lease. Each apartment is a month to month lease and buyer will assume all tenant's rights. New tenant moving in on April 1, 2026 in the one bedroom with rent of $690. Current tenants have always paid on time. Property is managed by seller. On ground level, there is also a large office space that has 4 rooms, 1.5 baths, and a lobby. This office space can be reverted back into a 4 bedroom apartment giving the new buyers more income revenue (about $2000.00). This property offers a strong investment potential in a neighborhood that has already seen significant revitalization and is posed for on going growth. The property has a larger parking lot for 12 parking spaces for tenant and office parking. Seller is motivated to sell but will not take low offers. Come bring your new buyers and/or investor for an opportunity that will result in immediate income! Licensed real estate agent must be on site with buyer(s) during all showings. Lockbox is located on the east side of the building on the front office door. BATVAI PLEASE RESPECT ALL TENANTS DURING SHOWINGS AS TENANTS ARE UNDER CURRENT LEASES. Tenants need 48 hours for all showings. Continent on release of previous contract.
MiRealSource-MiMLS #60304507
May 1, 2025
Listing Removed
—
May 1, 2025
Listing Removed
—
Jan 15, 2025
Price Changed
$309,000
$71/sq ft
Jan 14, 2025
Relisted
—
Jan 10, 2025
Contingent
—
Sep 30, 2024
Price Changed
$329,000
$75/sq ft
Sep 20, 2024
Relisted
—
Sep 10, 2024
Listing Removed
—
Aug 19, 2024
Relisted
—
Jun 10, 2024
Listing Removed
—
May 1, 2024
Listed
$339,000
$78/sq ft
MiRealSource-MiMLS #60304534
Apr 5, 2025
Listing Removed
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Apr 5, 2025
Relisted
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Mar 4, 2025
Listing Removed
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Feb 28, 2025
Relisted
—
Jan 15, 2025
Listing Removed
—
Jan 15, 2025
Relisted
—
Jan 15, 2025
Price Changed
$309,000
$71/sq ft
Jan 11, 2025
Listing Removed
—
Jan 11, 2025
Contingent
—
Dec 11, 2024
Listing Removed
—
Dec 10, 2024
Relisted
—
Oct 1, 2024
Listing Removed
—
Oct 1, 2024
Relisted
—
Sep 30, 2024
Price Changed
$329,000
$75/sq ft
Sep 21, 2024
Listing Removed
—
Sep 21, 2024
Relisted
—
Aug 21, 2024
Listing Removed
—
Aug 21, 2024
Relisted
—
Aug 20, 2024
Listing Removed
—
Aug 20, 2024
Relisted
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May 4, 2024
Listing Removed
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May 4, 2024
Relisted
—
May 3, 2024
Listing Removed
—
May 3, 2024
Relisted
—
May 2, 2024
Listing Removed
—
May 1, 2024
Listed
$339,000
$78/sq ft
REALCOMP #20240028637
May 1, 2025
Listing Removed
—
Jan 14, 2025
Relisted
—
Jan 14, 2025
Price Changed
$309,000
$71/sq ft
Jan 10, 2025
Contingent
—
Sep 30, 2024
Price Changed
$329,000
$75/sq ft
Sep 20, 2024
Relisted
—
Sep 10, 2024
Listing Removed
—
Aug 19, 2024
Relisted
—
Jun 10, 2024
Listing Removed
—
May 1, 2024
Listed
$339,000
$78/sq ft
Greater Lansing AoR #40242228
Oct 18, 2021
Listing Removed
—
Oct 18, 2021
Listing Removed
—
Oct 16, 2021
Price Changed
$275,000
$63/sq ft
Oct 3, 2021
Listed
$295,000
$68/sq ft
REALCOMP #2210083175
Oct 19, 2021
Listing Removed
—
Oct 16, 2021
Price Changed
$275,000
$63/sq ft
Oct 3, 2021
Listed
$295,000
$68/sq ft
MiRealSource-MiMLS #40242102
Oct 18, 2021
Listing Removed
—
Oct 2, 2021
Listed
$275,000
$63/sq ft
Greater Lansing AoR #31393854
Feb 10, 2020
Sold
$175,000
$40/sq ft
Feb 10, 2020
Sold
$175,000
$40/sq ft
REALCOMP #57031393854
Feb 10, 2020
Sold
$175,000
$40/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Monroe County
APN
19-00980-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 9, 2022.
R-2
Single-Family Residential District
The R-2, Single-Family Residential District, is intended primarily for single-family residential development within existing mid-density neighborhoods and for associated educational and institutional uses. The permitted uses and standards of this district are intended to achieve the following objectives: To encourage the continued use of the land for single-family dwellings, which are compatible with the established character of existing neighborhoods; To prohibit uses that would disrupt the character of the existing single-family neighborhoods; To encourage the discontinuance of existing uses that would not be permitted as new uses under the provisions of this chapter; To discourage land uses which would generate traffic on minor local streets atypical of that in single family neighborhoods; To accommodate low-intensity non-residential facilities where such uses could be compatible with the neighborhoods within this district.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Senior
Bed & breakfast
Park & open space
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 12
Interior
Bathroom Information
# of Full Bathrooms: 4
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air, Natural Gas
Room Information
Has Basement
Basement Details: Partial, Unfinished
Unit Type 1 Information
Type: 2 Bedroom
# of Bathrooms: 1
Sq.Ft. Total: 745
Furnished: Furnished
Actual Rent: $650
Unit Type 2 Information
Type: 1 Bedroom
# of Bathrooms: 1
Sq.Ft. Total: 1,425
Furnished: Furnished
Actual Rent: $1,500
Unit Type 3 Information
Type: 1 Bedroom
# of Bathrooms: 1
Sq.Ft. Total: 850
Furnished: Furnished
Actual Rent: $900
Unit Type 4 Information
Type: 1 Bedroom
# of Bathrooms: 1
Sq.Ft. Total: 1,350
Furnished: Unfurnished
Exterior
Exterior Features
Exterior Features: Balcony
Patio And Porch Features: Enclosed, Porch
Fencing: Fenced
Roof: Asphalt
Pool Information
Pool Features: None
Building Information
Above Grade Finished Area: 4,370
Above Grade Finished Area Units: Square Feet
Levels: One
Construction Materials: Asphalt, Brick
Foundation Details: Block, Slab
Property Features
Pets Allowed: Dogs OK
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily
Lot Information
Road Responsibility: Private Maintained Road
Road Frontage Type: Private Road
Lot Size : 0.33
Lot Size Dimensions: 120.00 x 120.00
Lot Size Area: 0.33
Lot Size Units: Acres
Lot Size Acres: 0.33
Zoning Description: Commercial
Financial
Tax Information
Tax Annual Amount: $8,179
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
High School District: Monroe
Location Information
Directions: South on Telegraph, west on S. Custer about 10 blocks.
Subdivision Name: WERTENBERGER PLACE - MONROE CITY
Cross Street: Telegraph-US 24
Community Information
Community Features: Sidewalks
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Monroe County
APN: 19-00980-00
Home facts updated by county records on May 9, 2022
Other
Listing Information
List AOR: RealcompIILtd
Around this home
Schools
Waterloo School
Public PreK-6 • Assigned • 0.2mi
Monroe High School
Public 8-12 • Assigned • 0.8mi
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Monroe, MI • 48161
Average low and high temperatures (°F)
29
16
35
20
53
33
61
42
67
49
81
62
84
66
80
61
76
55
66
44
50
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.2 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$314,000 – $380,000
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