Elm Portfolio Multi-Family FOR SALE


Monroe, MI - Downtown Monroe
$742,500 USD
248-228-4897
, Monroe, MI for Sale
$742,500 USD
Multi-Family - FOR SALE
1/9
null | 7.14% Cap Rate

Elm Portfolio
Monroe, MI
Downtown Monroe


HIGHLIGHTS

  • Offers a diverse range of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes
  • 100% occupancy and has consistently maintained this level of performance for many years.
  • Exceptionally well maintained over the years

OVERVIEW

ATTRACTIVE PROPERTY FUNDAMENTALS The Elm portfolio offers a diverse range of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes, with sizes varying from 400 to 950 square feet. This portfolio comprises two adjacent buildings on East Elm Avenue and South Monroe Street, built in 1863 and 1885, featuring eleven units and a garage. The Elm properties have been exceptionally well maintained over the years. Currently, Tel Elm is operating at 100% physical occupancy and has consistently maintained this level of performance for many years. EXCEPTIONAL LOCATION & ACCESS The Elm Portfolio is conveniently located near the intersection S. Monroe Street & W Front St in Monroe, MI. Monroe, is strategically situated with excellent access, making it a convenient destination for commuters. The city is intersected by major highways, including Interstate 75, which provides a direct route to Detroit to the north and Toledo, Ohio, to the south. U.S. Route 24, also known as Telegraph Road, runs through Monroe, offering additional connectivity to nearby communities.

ASK ABOUT THIS PROPERTY

A.J. BeachumIncome Property OrganizationMore Info
248-228-4897

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A.J. BeachumIncome Property OrganizationMore Info
248-228-4897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.