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Tel Elm Portfolio 3 Multifamily Properties Offered at $1,282,500 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
- Additional income from Billboard
- 100% occupancy and has consistently maintained this level of performance for many years.
EXECUTIVE SUMMARY
ATTRACTIVE PROPERTY FUNDAMENTALS
The Tel 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 split-site portfolio comprises four buildings in total: two buildings on the east side of Telegraph Road, south of Stewart Road, built in
1956, which include eight units and a billboard; and two buildings on East Elm Avenue and South Monroe Street, built in 1863 and 1885, featuring eleven units
and a garage.
The Tel 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 Tel Elm Portfolio is conveniently located near the intersection of Telegraph & Stewart and 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 Tel 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 split-site portfolio comprises four buildings in total: two buildings on the east side of Telegraph Road, south of Stewart Road, built in
1956, which include eight units and a billboard; and two buildings on East Elm Avenue and South Monroe Street, built in 1863 and 1885, featuring eleven units
and a garage.
The Tel 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 Tel Elm Portfolio is conveniently located near the intersection of Telegraph & Stewart and 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 - 2025) 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 - 2025) 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 | $1,282,500 | Number of Properties | 3 |
| Price / SF | $90.73 / SF | Individually For Sale | 0 |
| Cap Rate | 7.22% | Total Building Size | 14,135 SF |
| Sale Type | Investment | Total Land Area | 1.35 AC |
| Status | Active |
| Price | $1,282,500 |
| Price / SF | $90.73 / SF |
| Cap Rate | 7.22% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 14,135 SF |
| Total Land Area | 1.35 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 17 E Elm Ave, Monroe, MI 48162 | Multifamily | 5,100 SF | 1885 | - |
| 1118 N Telegraph Rd, Monroe, MI 48162 | Multifamily | 4,735 SF | 1863 | - |
| 25 E Elm Ave, Monroe, MI 48162 | Multifamily | 4,300 SF | 1863 | - |
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