926 E Front ST, Monroe, MI 48161

Monroe
Local realty services provided by:ERA Prime Real Estate Group
926 E Front ST,Monroe, MI 48161
$799,000
Virtual Tour
  • 17 Beds
  • 10 Baths
  • 7,066 sq. ft.
  • Multi-family
  • Active
Listed by: jacob levicki
Office: real estate one monroe
MLS#:57050180653
Source:MI_REALCOMP

Price summary

  • Price:$799,000
  • Price per sq. ft.:$113.08

About this home

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...

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Home facts

  • Year built:1883
  • Listing ID #:57050180653
  • Added:369 day(s) ago
  • Updated:July 16, 2026 at 10:06 AM

Rooms and interior

  • Bedrooms:17
  • Total bathrooms:10
  • Full bathrooms:10
  • Living area:7,066 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas, Separate Meters

Structure and exterior

  • Year built:1883
  • Building area:7,066 sq. ft.
  • Lot area:0.61 Acres
  • Foundation Description:Basement
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$799,000
  • Price per sq. ft.:$113.08
  • Tax amount:$12,554
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