Property Listing No Longer Available for Sale

50 Virginia, Monroe, MI

Multi-family for Sale - $650,000 - 16,800 Sq. Ft. on 0.6 acres


Property Info

CIMLS#1038504
Location
  50 Virginia
  Monroe MI 48162
UpdatedFebruary 27th, 2019
TypeMulti-family
Price$650,000
Building16,800 Sq. Ft.
Land0.6 acres

Property Description

Well kept multi-family investment property. Fully Occupied. priced at 10% capitalization rate. 16 units. 6 are one bedroom and 10 are 2 bedroom units. 3 Buildings. Each building has coin laundry. Tenant pays electric. Boiler heat. 11 space carport. Located near the River Raisin. Minutes from the Downtown Business District.


Financials