About This Home
This 5-bedroom, 3-bathroom residential multi family at 724 Laplaisance Road in Monroe, MI is listed for $189,900 ($106 per sqft). Built in 1923, the home offers 1,788 sqft of living space on a 0.22 acres lot.
Key Features
- Built in 1923
- 0.22 acre lot
- 2 stories
Property Details
Investor opportunity with three occupied rental units generating $2,300/month! The property includes a two-story duplex with upper and lower units plus a separate one-bedroom home and detached two-car garage. Current rents are $900 lower, $800 upper and $600 for the one-bedroom home, totaling $27,600 annually.
Tenants pay all utilities except water. Improvements include siding on the duplex in 2022 and one-bedroom home in 2016, sewer line repair in 2019, replacement windows and doors, and a newer garage door. Offered at $189,900, this is a great opportunity to add an established income-producing property to your portfolio. The duplex could also be easily converted to a single family home.
Monthly Cost Estimate
$1,016/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
724 Laplaisance Road
Monroe, MI 48161-1353
Property Details
Heating
Appliances
Questions & Answers
This 5-bedroom, 3-bathroom residential multi family at 724 Laplaisance Road is listed at $189,900 ($106/sqft). The estimated monthly payment is $1,015 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1923, 0.22 acre lot, 2 stories.
This property is listed by Charles Lemerand and can be reached at 7347310317.