231 W 7th Street, Monroe, MI 48161
231 W 7th Street, Monroe, MI 48161
231 W 7th Street, Monroe, MI 48161
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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134
$169,900
Est. payment /mo
2 Baths
6,098 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Monroe City

Subdivision Monroe City

MLS Listing ID 50213050

Year Built 1903

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 6098.4 Sq Feet

Source MiRealSource

Property Description

Turnkey duplex with projected gross rental income of approximately **$23,400 per year ($1,950/month)**. Both units are vacant, giving the new owner the opportunity to immediately place tenants at market rents or owner occupy one unit while generating rental income from the other. **Immediate possession means you can begin generating rental income without waiting for existing leases to expire.** Fresh paint, new carpet, and numerous updates make this property move-in and rent-ready. Separate gas and electric meters simplify tenant utility responsibilities. The spacious lower unit includes exclusive access to the full basement, while the upper 2-bedroom unit features an oversized attic offering exceptional storage space.

Location

State MI

County Monroe

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Lot Description Corner Lot

Structure Type Aluminum Siding,Block

Others

Tax ID 55-29-00026-001

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by BND Realty

Nearby School & Business

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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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REVIEWS

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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