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6359 W Monroe Road

Franklin Twp, MI 49287
  • $500,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: 20221043369
UPDATED: 3 min ago
$500,000
  • 0
    BEDS
  • 3.33
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 1,596
    SQFT
  • $313
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1997
County:
Area:
Zoning:
Multi-Family
Lot Size Dimensions:
439X330

School Ratings & Info

School District:

Description

Great investment opportunity! 1 single family home with 3 duplexes (6 units) available for rent! Rental income for 6 rental units is ~$4000/month. Rent the duplex units and live for free in the main home or rent all 7 units for over $5000/month! Land contract terms available with cash flow positive terms. Main house is a 3 bedroom, 1.5 bath home with ~1600sqft of living space with some recent updates. Some rental units have been updated. This is a great investment opportunity.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-09-27T20:57:00.12.
www.nexushomesearch.com/homes/133226438
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6359 W Monroe Road Franklin Twp, MI 49287

  • Price: $500,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 3 min ago
  • ID#: 20221043369
0
Beds
8
Baths
0
½ Baths
3.33
Acres
1,596
SQFT
$313
$/SQFT
1997
Built
Neighborhood:
Franklin Twp
County:
Lenawee
Area:
Franklin Twp
School District:
ONSTED
Property Description
Great investment opportunity! 1 single family home with 3 duplexes (6 units) available for rent! Rental income for 6 rental units is ~$4000/month. Rent the duplex units and live for free in the main home or rent all 7 units for over $5000/month! Land contract terms available with cash flow positive terms. Main house is a 3 bedroom, 1.5 bath home with ~1600sqft of living space with some recent updates. Some rental units have been updated. This is a great investment opportunity.
Exterior Features

Architecture Level 1 1/2 Story Architecture Style Cape Cod Construction Materials Vinyl Foundation Details SlabBasement Foundation Materials Poured Lot Size Dimensions 439X330 Pool YN No Road Frontage Feet 439 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

Interior Features

Basement Type Unfinished Basement YN Yes Cooling Ceiling Fan(S)Central AirWindow Unit(S) Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Public Records Sq Ft Combined 1596 Sq Ft Total Basement 1064 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 6 Unit Three Bed Number Of 1 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Deposit Amount 100000.00 Existing Lease YN Yes Gross Scheduled Income 66000.00 Homestead YN No Income Projection Projected Land Contract YN Yes Land Interest Rate 9 Land Payment 3218 Land Terms 30 Listing Financing CashContractConventional Monthly Rental Income 5500 Number Of Units Leased 4 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Call Postal City Tipton Protection Period 0 Settlement Township Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 1173.1900 Tax Amount Winter 3584.4700 Title Standard (Private) Total Tax 4757.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 6359 W Monroe Road Water Source Public (Municipal) Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Re/Max Nexus: (248) 541-4900 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-09-27T20:57:00.12.
 
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