Duplex Investment opportunity. Property provides a spacious 100 feet of frontage while the 1988 sq ft dwelling houses (2) rental units. Although a duplex, it provides the ease of separate gas, water and electrical meters as well as the individuality of each unit providing seperate basement, laundry room, furnace, water heater, deck, driveway and separated fenced in yard. Each Tenant responsible for their own utilities. Please do not disturb the tenants. Serious inquiries only.
iLink Real Estate Co.License #MCAR-6506046336Listed on: 04/24/2023
Property Details
Home Type
Multi-Family
Est. Annual Taxes
Lot Details
0.36 Acre Lot
Lot Dimensions are 100x160
Interior Spaces
2-Story Property
Ceiling Fan
Basement
Bedrooms and Bathrooms
3 Bedrooms
2 Full Bathrooms
Utilities
Forced Air Heating System
Separate Meters
Community Details
2 Units
Patterson Gardens Subdivision
Listing and Financial Details
Assessor Parcel Number 12 190 020 00
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,755
Lot Details
0
Listing Details
Originating MLS: Southeastern Border Association of REALTORS
Class: MULTIFAMILY
Type Of Property: Multi-Family
Structure Style: 2 Story
Mail City: Monroe
Special Features: None
Property Sub Type: MultiFamily
Stories: 2
Interior Features
Basement: Yes
Bedrooms: 3
Full Bathrooms: 2
Total Bathrooms: 2
Estimated Sq Ft: 1988
Exterior Features
Foundation Type: Basement
Utilities
Water: Public Water
Cooling System: Ceiling Fan(s)
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
Lot Info
Assessments: 48.47
Assessments: Yes
Assessor Parcel Number: 12 190 020 00
Lot Dimensions: 100x160
Acreage: 0.36
Geo Subdivision: MI
Rental Info
Lease Information: Month-To-Month
Tax Info
Summer Tax: Year: 2022, Amount: $655.04
Winter Tax: Year: 2022, Amount: $2,099.84
Total Tax: Amount: $2,754.88
Multi Family
Total Units: 2
MLS Schools
School District: Monroe Public Schools
Ownership History
DateNameOwned ForOwner Type
Aug 2023 - PresentGabriel Katelyn and Buell Cynthia1 Year and 9 Months
Private Individual
Purchase Details
Listed on
Apr 24, 2023
Closed on
Aug 28, 2023
Sold by
Jason Oconnor Testamentary Trust
Bought by
Gabriel Katelyn and Buell Cynthia
Seller's Agent
JoAnn Heller
iLink Real Estate Co.
Buyer's Agent
Non Mls
Non-Mls
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%
Total Days on Market
73
Views
321
Current Estimated Value
$191,555
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,555
Avg. Annual Appreciation
7.19%
Original Mortgage
$135,000
Outstanding Balance
$132,767
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$58,789
Jun 2023 - Aug 2023Jason Oconnor Testamentary Trust and Buell2 Months
Private Individual
Purchase Details
Listed on
Apr 24, 2023
Closed on
Jun 30, 2023
Sold by
Betty Jo Kerkenbush Living Trust
Bought by
Jason Oconnor Testamentary Trust and Buell
Seller's Agent
JoAnn Heller
iLink Real Estate Co.
Buyer's Agent
Non Mls
Non-Mls
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%
Views
321
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$132,767
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$58,789
Nov 2017 - Jun 2023Kerkenbush Trust5 Years and 7 Months
Private Individual
Purchase Details
Closed on
Nov 29, 2017
Sold by
Kerkenbush Betty J
Bought by
Kerkenbush Trust
Mar 2011 - Nov 2017Kerkenbush Betty J6 Years and 8 Months
Private Individual
Purchase Details
Closed on
Mar 25, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Kerkenbush Betty J
Nov 2010 - Mar 2011Federal Home Loan Mortgage Corp4 Months
Company
Purchase Details
Closed on
Nov 18, 2010
Sold by
Langton Michael
Bought by
Federal Home Loan Mortgage Corp
Jul 1999 - Nov 2010Rushlow Margaret11 Years and 4 Months
Private Individual
Purchase Details
Closed on
Jul 15, 1999
Sold by
Stiffler Maerie
Bought by
Rushlow Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,050
Interest Rate
7.69%
Mortgage Type
FHA
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Location, Location, Location. Two Family Home in nice quiet neighborhood. Kitchens have Refrigerators and Stoves Included. Washer and Dryer in Basement stay. Hot Water Heater 2022, New Sewerline 2-3 Years old. Roof on House 2015, 2 Separate Furnaces, and 2 Electric Meters. 1st Floor Freshly Painted. Family Room listed on 1st floor is a sitting Room with Lots of Windows. All original Woodwork.
Well-maintained side-by-side duplex featuring 3 bedrooms per unit. Maintenance-free exterior with a spacious yard. Conveniently located within walking distance to downtown Monroe and close to amenities. A great investment or owner-occupant opportunity!
Well-maintained side-by-side duplex featuring 3 bedrooms per unit. Updated flooring in Unit 505. Maintenance-free exterior with a spacious yard. Conveniently located within walking distance to downtown Monroe and close to amenities. A great investment or owner-occupant opportunity!
This super clean, well-kept 2-unit duplex is a rare find! Each unit features 1 bedroom, 1 bathroom, and its own in-unit washer & dryer for convenience. The seller-built property has been meticulously maintained, with fresh paint throughout. Separate utilities ensure ease of management, and the included garage and shed provide extra storage. Located in a prime spot close to shopping, this duplex
Pamela SwierczBerkshire Hathaway HomeServices Kee Realty Brown
Highly sought-after cashflow property located in the heart of Monroe. 100% occupied large triplex. Includes a spacious entry level 2BR/1 Bath unit, a 1BR/1 Bath, and an upstairs 2BR/1 bath unit. All 3 units currently under lease. Additional parking and garage for storage in rear of property. Impressive Victorian woodwork and built-ins throughout the property add charm to this Monroe gem. Separate
Great investment income with this 2 unit duplex. Both units are presently leased and both units have long-time renters. Landlord provides water, sewer & garbage pickup & utilities are separate for each unit. Located in the City of Monroe & near downtown, grocery stores, highways and restaurants. Take advantage of walks to the park and walking distance to all the activities downtown.
Marianna FrisinaColdwell Banker Haynes R.E. in Monroe
Brand new kitchen cabinets and counter tops in both units. Fresh paint throughout home. New carpet in bedrooms and living rooms. Updated flooring in both kitchen areas. Low maintenance yardwork, lot size is 40 x 50. Close distance to park and River Raisin. This home comes with options. Main level has kitchen, full bath and three bedrooms. Large basement. Upper level has kitchen, full bathroom and
James DuffyBerkshire Hathaway Home Service Kee Realty
Rare investment find in Monroe. Turnkey Duplex (one 3 bdr/1 bath, one 3bdr/2 bath) in Monroe. This place has been fully updated with new leases. Total $1950 rent roll. Has a property manager or manage yourself.
Tax AssessmentTax 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.
This home is located at 865 Patterson Dr Unit 867, Monroe, MI 48161 since 24 April 2023 and is currently estimated at $191,555, approximately $96 per square foot. 865 Patterson Dr Unit 867 is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and St Michaels Catholic Elementary School.
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