NOT LISTED FOR SALE

45 & 47 S Monroe St Monroe, MI 48161

Central Monroe Neighborhood
4 Beds
6 Baths
5,490 Sq Ft
3,049 Sq Ft Lot

Last Sold July 15, 2021

Last sale price $380,000 $69 Per Sq Ft

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Laundry in Utility Room
  • Balcony
  • Walk-In Closet
  • 1-minute walk to Loranger Square

About This Home

As of July 2021

Rare Find! Investment Buildings in Downtown Monroe. Solid High Income Mixed Use Commercial/Multifamily 2 bldgs with 4 apts & 2 commercial units.(Bldg 1= 1500sf ea. unit and Bldg. 2 = 1200sf ea. unit ) 99% occupied, Updated-Utilities Individually metered including water, (tenant pays all utilities) Updated mechanicals, all apts have full appliances, laundry and front balconies. Private off street assigned parking. Bldg 47 has a basement and 2 car garage plus addl 2 car garage(These can be used for added income) Great Cap Rate

Last Agent to Sell the Property

Judy Pokorny

Key Realty One LLC - Monroe License #MCAR-6501317835 Listed on: 03/17/2021

Last Buyer's Agent

Songyu Chen

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501423672

Coldwell Banker Haynes R.E. in Monroe

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • 40 Ft Wide Lot
  • Private Entrance

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Ceiling height of 9 feet or more
  • Living Room with Fireplace
  • Basement
  • Block Basement Construction

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 6 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Off-Street Parking
  • Parking Permit Required

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 55-29-00081-000/55-29-00082-00

Community Details

Overview

  • 6 Units
  • Old Village Subdivision

Additional Features

  • Laundry Facilities
  • Net Operating Income $47,017

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Apartment, Investment
  • Type Of Property: Multi-Family
  • Total Tax Amount: 10520
  • Total Tax Year: 2020
  • Year Built: 1920
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 9 Ft + Ceilings, Interior Balcony, Cable/Internet Avail., Ceramic Floors, Hardwood Floors, Walk-In Closet
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplace Features: Livroom Fireplace
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Sub Room Description: Utility/Laundry Room
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 5490

Exterior Features

  • Construction: Aluminum, Brick
  • Exterior Features: Sidewalks, Storms/Screens, Street Lights, Exterior Balcony
  • Frontage: 40
  • Foundation Type: Basement, Slab

Garage/Parking

  • Garage Type: Attached Garage, Off Street
  • Garage Spaces: 2
  • Parking: 1 Space, Permit Required

Utilities

  • Water: Public Water
  • Water Heater: Electric
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility, Sidewalks, Private Entry

Lot Info

  • Assessor Parcel Number: 55-29-00081-000/55-29-00082-00
  • Location: Main Street
  • Lot Dimensions: 3049 sf
  • Acreage: 0.07
  • Zoning: Mixed Use, Multi-Family, Commercial
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes
  • Total Expenses: 14783

Tax Info

  • Summer Tax: Year: 2020, Amount: $5,298.00
  • Winter Tax: Year: 2020, Amount: $5,222.00
  • Taxable Value: 167640
  • Total Tax: Year: 2020, Amount: $10,520.00

Multi Family

  • Total Units: 6

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Jul 15, 2021
Sold by
Jte Law Group
Bought by
Monroe Capital Properties Llc
Seller's Agent
Judy Pokorny
Key Realty One LLC - Monroe
Buyer's Agent
Songyu Chen
Coldwell Banker Haynes R.E. in Monroe
List Price
$459,000
Sold Price
$380,000
Premium/Discount to List
-$79,000
-17.21%

Purchase Details

Listed on
Mar 17, 2021
Closed on
May 26, 2021
Sold by
E & Ds Real Estate Llc
Bought by
Jte Law Group and 45 47 Monroe Street 10014547 Trust
Seller's Agent
Judy Pokorny
Key Realty One LLC - Monroe
Buyer's Agent
Songyu Chen
Coldwell Banker Haynes R.E. in Monroe
List Price
$459,000
Sold Price
$380,000
Premium/Discount to List
-$79,000
-17.21%

Purchase Details

Closed on
Mar 9, 2018
Sold by
Vandegrift John W
Bought by
E & D Real Estate Llc
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Monroe Capital Properties Llc $380,000 Lawyers Title Agcy Of Monroe
Jte Law Group -- None Available
E & D Real Estate Llc $34,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $380,000 0.0% $69 / Sq Ft
07/15/2021 07/15/21 Price Changed $380,000 -17.2% $69 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $459,000 0.0% $84 / Sq Ft
03/27/2021 03/27/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $459,000 -- $84 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,884 $110,800 $10,900 $99,900
2024 $2,980 $98,270 $0 $0
2023 $2,850 $85,990 $0 $0
2022 $5,339 $85,990 $0 $0
2021 $5,236 $84,470 $0 $0
2020 $5,108 $85,420 $0 $0
2019 $4,965 $85,420 $0 $0
2018 $2,542 $81,720 $0 $0
2017 $2,530 $81,720 $0 $0
2016 $2,482 $79,070 $0 $0
2015 $2,399 $80,180 $0 $0
2014 $2,399 $80,180 $0 $0
2013 -- $81,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Judy Pokorny

    Key Realty One LLC - Monroe

    Section Image

  • S

    Buyer's Agent in 2021

    Songyu Chen

    Coldwell Banker Haynes R.E. in Monroe

    (734) 242-8484

    1 in this area

    12 Total Sales

    Songyu Chen
    Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50036562

Michigan Multiple Listing Service

APN: 55-29-00082-000

Michigan Monroe County Monroe 48161 Central Monroe

45 & 47 S Monroe St, Monroe, MI

This home is located at 45 & 47 S Monroe St, Monroe, MI 48161 since 17 March 2021. This property was built in 1920. 45 & 47 S Monroe St is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and St John Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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