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Sold on 06/09/2022
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708 E Front, Monroe, MI 48161

$665,000

Last sold 06/09/2022 for $475K

  • 18

    bed

  • 11

    bath

  • 6,500

    Sqft ($73/Sqft)

Multi-family not for sale
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About 708 E Front

Property type Multi-family
Neighborhood
Year built 1955
HOA fee $0/month
Lot size 0.48 Acre
Movoto estimate
Property description
Ready for some cashflow? Current Owner Estate is excited to sell this 11 unit property which produces over $100,000 in Rents, has more rent potential, and is turn key ready to go. All 11 units are fully leased. Located river-front making this a great long-term investment. Property is currently managed by property management company who is excited about taking on the new owner. Historical Cap rate is over 10, with a potential of 12-15. Majority of tenants are long-term (greater than 8 years). Mix of section 8 tenants also. Owner provides trash, landscaping and snow removal.
Listed by
Listing Agent - Douglas Dale
Listing Office - Serenity Realty LLC
Source: MiRealSource, Inc mls logo
MLS#50076970 • last updated 4 years ago
Movoto checked MiRealSource, Inc for data 6 minutes ago
Overview
Status Closed
Type Multi-Family
SubType Apartment
Lot Size (Acres) 0.48
Total Tax Amount 8500
Year Built 1955
Interior
# of Full Baths 11
Basement Poured
Exterior
Construction Brick
Parking Desc 3 Or More Spaces
Amenities / Utilities
Fuel Type Natural Gas
Sewer/ Septic Public Sanitary
Water Public Water
Water Heater Gas
Location
County Monroe (58026)
Subdivision LI
Zoning Multi-Family
$665K
Range: $591K-$738K
Last 30 days 
  • Mar 2026
    mls logo MLS # 50177702
  • Mar 15, 2026 Sold
    $700,000 (-12.4%)
  • Feb 22, 2026 Pending
    —
  • Jan 21, 2026 Listed
    —
  • Jan 1, 2026 Expired
    —
  • Nov 19, 2025 Price Change
    $799,000 (-3.6%)
  • Oct 18, 2025 Price Change
    $829,000 (-7.8%)
  • Sep 15, 2025 Price Change
    $899,500 (-9.6%)
  • Jun 14, 2025 Price Change
    $994,500
  • Jun 9, 2025 Listed
    $995,000 (+107.7%)
  • Jun 2025
    mls logo MLS # 58050177702
  • Jun 9, 2025 Listed
    $995,000
  • Oct 2022
    Public Records
  • Oct 27, 2022 Sold
    $479,000 (+0.8%)
  • Jul 2022
    mls logo MLS # 57050076970
  • Jul 27, 2022 Sold
    $475,000
  • Jun 9, 2022 Pending
    —
  • Jun 4, 2022 Listed
    $459,000
  • Jul 2022
    mls logo MLS # 50076970
  • Jul 27, 2022 Sold
    $475,000 (+3.5%)
  • Jun 4, 2022 Listed
    $459,000
  • Year Property taxes Tax assessment
  • 2024
    $13,201 -1.3%
    $213,830
  • 2023
    $13,369 +44.7%
    $213,830 +14.43%
  • 2021
    $9,241 +5.5%
    $186,870 +15.27%
  • 2020
    $8,756 +4.4%
    $162,120 -0.8%
  • 2019
    $8,388
    $163,430
  • 708 E Front
    $475K
  • Monroe (58026)
    $149K
  • 48161
    $279K -7% y/y
  • Monroe
    $254K -8% y/y
No chart available
Statistics calculated by Movoto

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5/10
Monroe High School
public Grades 8-12
Monroe Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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