2020 N Monroe Frenchtown Twp, MI $ 75,000
2020 N Monroe
$ 75,000
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2020 N Monroe

Frenchtown Twp, MI, 48162
$ 75,000
Baths0.0 Sq 1,903

Monthly Estimate*

$ 524

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Studio Commercial Property for sale in Frenchtown Twp, MI for $75,000. This 1,903 square foot building was built in 1965 on a lot size of 0.19.

Lucrative Investment Opportunity! This income property boasts a thriving barber shop and salon, strategically positioned in a high-traffic location. The property is fully leased and turnkey, making it an effortless addition to your investment portfolio. Operating five days a week, it features nine booths, seven of which are consistently rented year-round, ensuring a steady stream of rental income. Additionally, there's a massage room and all necessary equipment is included, making it a seamless transition for the new owner. The current owner is ready to retire, providing you with a golden opportunity to not only generate rental income but also supplement your overall financial portfolio by owning this piece of real estate. Don't miss your chance to capitalize on this profitable venture. Tenants on month to month lease.

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Commercial Active

Price

$ 75,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,251

Style

Barber/Beauty

Lot Size

0.19

Year Built

1965

Town/City

Frenchtown Twp

County/Region

MONROE

MLS | Web ID

57031375935

Features
Interior
Heating Fuel Natural Gas
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General
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air Central Air
current use Barber/Beauty
Year Built 1965
Property Type Commercial
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Brick Vinyl
Cumulative Days on Market 1861
MLS Area Frenchtown Twp
City Frenchtown Twp
Terms Offered Cash Conventional
School District Monroe
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name Monroe
Total Sq Ft 1903
DOM 1861
Taxes 2251.0000
Legal Description F1044A SEC 29 T6S R9E & PC 353 0.19 AMOL COM 1252.7 FT N 24 DEG 45'E FR INT E LI NORTH MONROE ST W/N LI BEVERLY PARK SUB TH N 24 DEG 45'E 50 FT TH S 65 DEG 15'E 168.5 FT TH S 24 DEG 45'W 50 FT TH N 6
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Exterior
Waterfront 0
Lot Size Area 0.19
Water Source Public (Municipal)
Foundation Slab
Lot Size Dimensions 50 x 168
Roof Material Shingle
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Internal Only
Originating MLS Southeastern Border Association of REALTORS®
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* Excluded Features
List By
Tom Fritz

Listing Agent

Coldwell Banker Haynes R.E. - Monroe

Broker

(734) 625-7100

Phone

Affordability Calculator

$711
Per Month
74%
26%
0%
Monthly Principal & Interest
$524
Monthly Property Taxes
$188
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848016 Elementary School
848002 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/22/2024$75,000 -40.00% Price Down
10/25/2023$125,000 -26.43% Price Down
2/2/2023$169,900 -5.56% Price Down
8/25/2022$179,900 -2.76% Price Down
8/8/2022$185,000 -7.04% Price Down
7/20/2022$199,000 -11.56% Price Down
2/8/2021$225,000 -21.05% Price Down
4/10/2019$285,000 Listed Price

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2020 N Monroe, Frenchtown Twp, MI, 48162 is a Commercial Property for sale at $75,000 with 1,903 sqft and a lot size of 0.19. 2020 N Monroe is a studio with 0.0 baths and was built in 1965. The property's zip code is 48162 which is in Frenchtown Twp, MI