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Elm Portfolio 2 Multifamily Properties Offered at $742,500 in Monroe, MI
Investment Highlights
- Offers a diverse range of studio, one-bedroom, two-bedroom, and three-bedroom apartment homes
- Exceptionally well maintained over the years
- 100% occupancy and has consistently maintained this level of performance for many years.
Executive Summary
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.
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.
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $742,500 | Number of Properties | 2 |
| Price / SF | $78.99 / SF | Individually For Sale | 0 |
| Cap Rate | 7.14% | Total Building Size | 9,400 SF |
| Sale Type | Investment | Total Land Area | 0.92 AC |
| Status | Active |
| Price | $742,500 |
| Price / SF | $78.99 / SF |
| Cap Rate | 7.14% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,400 SF |
| Total Land Area | 0.92 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 17 E Elm Ave, Monroe, MI 48162 | Multifamily | 5,100 SF | 1885 | - |
| 25 E Elm Ave, Monroe, MI 48162 | Multifamily | 4,300 SF | 1863 | - |
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