$799,000

926 E Front Street, Monroe, MI 48161

  • 17 beds |
  • 10 baths |
  • 7,066 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1883
  • Property Lot Size Icon0.61acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $113/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

Listing Agent: Jacob Levicki Broker: Real Estate One in Monroe: 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 the heart of Monroe!

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 7:48PM
Listing Office:
Real Estate One in Monroe : 734-244-5605
Listing Agent:
Jacob Levicki : 734-347-5295
MLS ID:
50180653
  • Heating: Forced Air
  • Parking: Parking spaces: 0
  • General: TwoBasement
  • Originating MLS: MiRealSource
  • School District: Monroe Public Schools
  • County: Monroe
  • Zoning: LOT BOUND NORTH BY FRONT ST; EAST BY CITY OF MONROE; SOUTH BY ILGENFRITZ; WEST BY PITOCK BEING 128 FT ON FRONT ST & 203 FT IN DEPTH IN PC 500 ALSO DESCRIBED AS; COMM 939.41 FT S 48D 44M 54S FROM THE INTERSECTION OF THE SOUTH LINE OF EAST FRONT STREET AND THE EAST LINE OF JEROME STREET; PRECEEDING THENCE SOUTH 48 DEGREES 44 MINUTES 54 SECONDS EAST 139.11FT; TH S 32D 53M 16S W 205.58FT; TH N 53D 50M 24S W 138.00 FT; TH N 32D 39M 56S E 217.00 FT TO POB.
  • Water: Public
  • Sewer: Public Sanitary
  • Source: MiRealSource
  • Ownership: LLC

This listing courtesy of Jacob Levicki , Real Estate One in Monroe

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Arborwood Elementary School

1135 Riverview Ave, Monroe, MI, 48162

Grades PK-6

1.20 miles away

M

Monroe Middle School

503 Washington St, Monroe, MI, 48161

Grades 6-8

0.73 miles away

O

Orchard Center High School

1750 Oak St, Monroe, MI, 48161

Grades 6-12

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.