Movoto Real Estate
Sold on 08/25/2023
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44 E Willow St, Monroe, MI 48162

  • $1,187,374

    Last sold 08/25/2023 for $970K

  • 23

    bed

  • 12

    bath

  • 12,204

    Sqft ($79/Sqft)

Multi-family not for sale
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About 44 E Willow St

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 0.77 Acre
Movoto estimate
Property description
Incredible Investment Opportunity. A 12 unit (11-two bedrooms & 1-one-bedroom) brick colonial style building, a great location with a walkscore of 83. This very walkable location attracts tenants easily with beautiful local amenities, such as the River Raisin, St Mary's Park, bars, restaurants, coffee and an 8 minute walk to downtown Monroe. Current annual gross income of $145k. All 12 units have been consistently rented over the years of ownership. The property is nestled off the road, making it feel private with a beautiful mature landscape surrounding it. All apartments are furnished with a refrigerator, stove, furnace and built-in wall A/C. All tenants on separate meters for gas/electric, the property owner pays the water. All units have interior entrances. A total of 20 parking spots. Coin Laundry on site. Owner has renovated 9 of the 12 apartments over the last two years.
Listed by
Listing Agent - Chris Griffin
Listing Agent Contact: 3133833938
Listing Office - Griffin Properties & Management Co
Source: Realcomp mls logo
MLS#20230027592 • last updated 10 months ago
Movoto checked Realcomp for data 6 minutes ago
Overview
Cooling/AC Wall Unit(s)
Heating Baseboard, Electric
Levels/Style Three, Common Entry Building
Status Sold
SubType Multi Family
Living Area 12204
MLS # 20230027592
Lot Size (Acres) 0.77
Property Tax 18864
Interior
Total # of Bathrooms 12
# of Full Baths 12
Laundry Common Area
Exterior
Construction Brick, BrickVeneer
Foundation Slab
Roof Asphalt
# Parking Spaces 20
Parking Parking Lot, Paved
Patio/Porch Patio
Amenities / Utilities
Pool None
Location
Subdivision ANDERSON PLAT
High School District Monroe
APN 58556900014001
Directions I-75 To ELM Street, Head West. Go North On N. Monroe, Turn East On E Willow St.
Zoning Multi-Family
Multifamily Details
Rent Includes MaintenanceOffSite, Sewer, SnowRemoval, TrashCollection, Water, YardMaintenance
# Units Leased 12
Gross Scheduled Income 145020
Operating Expense 37732
Net Operating Income 107288
Monthly Rental Income 12085
Lot/ Land Details
Road Frontage Paved
$1.18M
Range: $1.06M-$1.3M
Last 30 days 
  • Aug 2023
    mls logo MLS # 20230027592
  • Aug 28, 2023 Sold
    $970,000 (-13.1%)
  • Jun 16, 2023 Pending
  • May 15, 2023 Listed
  • May 9, 2023 Pending
  • Apr 17, 2023 Listed
    $1,116,000 (+86.0%)
  • Apr 2023
    mls logo MLS # 60204999
  • Apr 17, 2023 Listed
    $1,116,000
  • Mar 2021
    mls logo MLS # 2210002042
  • Mar 12, 2021 Sold
    $600,000
  • Jan 15, 2021 Pending
  • Jan 8, 2021 Listed
    $600,000 (+22.7%)
  • Jan 2021
    mls logo MLS # 40136706
  • Jan 8, 2021 Listed
    $600,000
  • Mar 2017
    mls logo MLS # 21270409
  • Mar 12, 2017 Listed
    $489,000
  • Jul 2016
    mls logo MLS # 21188690
  • Jul 12, 2016 Listed
    $489,000 (+88809.1%)
  • Jun 2015
    mls logo MLS # 215041641
  • Jun 12, 2015 Price Change
    $550 (-8.3%)
  • May 4, 2015 Listed
    $600
  • 44 E Willow St
    $970K
  • Northeast Monroe
    $219K -12% y/y
  • 48162
    $251K -6% y/y
  • Monroe
    $251K -6% y/y
No chart available
Statistics calculated by Movoto

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5/10
Source: GreatSchools.org © 2026. All rights reserved.

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