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See all photos

Open House

$2,700,000

714 N Monroe +19 others

16 Beds 16 Baths 9,403 Sq.Ft.

Description

A rare opportunity to either jump start your rental portfolio, or expand an empire with 20 turn-key properties, for a total of 41 units! All properties are currently leased at below market rents, so there is immediate potential to increase your revenue once leases expire. All have been inspected, with city rental certifications all up to date. All properties are nicely updated, and well managed. Many have had extensive recent updates, including 5 with newer furnaces (last 5 years or less), 7 with updated windows and municipal approved lead remediation, and 6 others with newer roofs. All properties are equipped with refrigerators & ovens. 714 N. Monroe & 901 Germania have coin operated laundry facilities. Appliances will remain with properties.

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Location

714 N Monroe +19 others, Bay City, MI 48708

Status

Sold

Property Amenities

Interior
Appliances Gas
Total Bedrooms: 16
Full Bathrooms: 16
Other Interior Features Entry, Utility/Laundry Room, Workshop, Other
Area & Lot
Lot Area 0.5 Acres
Living area 9,403 Sq.Ft.
MLS® ID 50063733
Year Built 1873
School District Bay City School District
Architecture Styles Victorian
Type Multi-Family
Status Sold
Exterior
Heat type Hot Water, Natural Gas
Water Source Public Water
Garage Space 2.5
Sewer Public Sanitary
Other Exterior Features Cedar, Vinyl Siding, Wood
Parking 3 or More Spaces
Finance
Sales Price $2,700,000
Real Estate Tax $5,750 yearly
Shelley Niedzwiecki

Shelley Niedzwiecki

TITLE

Realtor®