314 Washington Street
Monroe, MI 48161
- 7 beds
- 2.2 baths
- 3,788 sqft
- 14,810 sqft lot
- $78 per sqft
- 1883 build
- – on site
Prime investment opportunity! TWINPLEX... Live in one unit and rent the other or rent them both! This multifamily property (easily opened back to a single family home) offers excellent income potential in a desirable, centrally located neighborhood. Each unit, (north side unit is 3 bedroom 1 1/2 baths south side unit 4 bedroom 1 1/2 baths) provides spacious layouts with appealing features, ideal for attracting long-term tenants. Just minutes from Monroe's downtown area, residents will enjoy easy access to shops, dining, schools, and parks. With strong rental demand in the area proximity to major highways for commuters, this property is a great addition to any portfolio. Don't miss out on this solid, income-generating asset in a thriving community!
Last checked:
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Checking…
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Last updated Nov 8, 2024
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MLS# 57050160587 —
Upcoming Open Houses
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Sunday, 11/10
1pm-3pm
The Building
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Year Built:1883
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Construction Materials:Stucco
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Architectural Style:Other
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Foundation:Block
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Foundation Details:Basement, Michigan Basement
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Features:2+ Assigned Spaces
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Porch Type:Balcony
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Stories:2 Story
Interior
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Room Count:17
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Lower Floor:0 Sqft
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Basement:Yes
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Fireplace:No
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Total:3,788 Sqft
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Total Combined:3,788 Sqft
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Total Basement:1,500 Sqft
Financial & Terms
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Land Contract:No
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Short Sale:No
Location
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Directions From North South Detail:3rd St / 4th St
The Property
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Property Type:Residential
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Parcel Number:552900136000
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Exterior Features:Fenced
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Homestead:No
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Lot Size Dimensions:100x150x100x150
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Lot Size Area:0.34
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Waterfront:No
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Road Frontage Type:Pub. Sidewalk
Listing Agent
- Contact info:
- Agent phone:
- (734) 915-1492
- Office phone:
- (734) 241-2700
Taxes
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Total Taxes:$5,378
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Tax Amount Summer:$2,792
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Tax Amount Winter:$2,586
Beds
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Beds Total:7
Baths
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Total Baths:2.20
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Full Baths:2
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Half Baths:2
Heating & Cooling
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Cooling:Ceiling Fan(s), Wall Unit(s)
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Heating:Steam
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Heating Fuel:Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary)
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Water Source:Public (Municipal)
Appliances
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Kitchen:Dishwasher, Dryer, Microwave, Oven, Range/Stove, Refrigerator, Washer
Schools
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School District:Monroe
The Community
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Subdivision Name:Old Village East Of Monroe St
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Association Fee:1
Parking
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Garage:No
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MF Parking:Assigned Spaces
Extra Units
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Other Buildings:Shed
IDX provided courtesy of Realcomp II Ltd., via Estately and Southeastern Border Association of REALTORS®, © 2024 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Monthly cost estimate
Asking price
$299,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,601
|
| Taxes | $448 |
| Insurance | $82 |
| Utilities | $306 See report |
| Total | $2,437/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/8/24
Nov 8, 2024
|
Coming Soon | REALCOMP | $299,000 | 160.0% (15.1% / YR) |
|
3/25/14
Mar 25, 2014
|
REALCOMP | $115,000 |
