$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 10 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:
May 21, 2026 at 6:48PM
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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