26
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$255,000
Est. payment /mo
3 Baths
3,856 SqFt
New
910 Monroe Street Carleton, MI 48117 9055
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,856 sqft
Price per Sqft $66
Subdivision Mi
MLS Listing ID 61025609
Style 2 Story
Full Baths 3
Year Built 1890
Annual Tax Amount $2,461
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 140x155x68
Property Sub-Type Multi-Family
Property Description
LAND CONTRACT TERMS AVAILABLE WITH 25% DOWN. 910 Monroe Street sits at the heart of downtown Carleton, offering a rare chance to own a piece of the community's history while building real, tangible income. Believed to be the oldest commercial building in Carleton, this 1890-built mixed-use property spans 3,856 square feet above grade and combines a ground-floor commercial unit with three second-floor apartments -- a layout built for flexibility, whether you're launching a storefront, growing a portfolio, or doing both at once. The main level presents a blank canvas: a vacant commercial space ready for your business concept, retail vision, or office use, positioned to take advantage of steady downtown foot traffic. Upstairs, three residential units--two one-bedroom apartments and a studio--are currently occupied and generate $1,650 in monthly rental income. All three apartments received new windows in 2023, a meaningful upgrade that improves energy efficiency and reduces near-term maintenance costs for the next owner. What makes this property stand out is the built-in income stream working in your favor from day one -- tenant rent already offsetting the mortgage while you determine your plans for the commercial space below. Few opportunities offer this level of built-in cash flow paired with the character and street presence of a nearly 135-year-old landmark building. This is a motivated seller situation, and the numbers speak for themselves. Showings require 24 hours' notice along with proof of funds or pre-approval, so serious buyers should come prepared to move. Historic character, income-producing tenants, and downtown visibility rarely align this well -- schedule your showing before this one is gone.
Location
State MI
County Monroe
Area Carleton (58017)
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Crawl
Water Public Water
Structure Type Brick
Schools
School District Airport Community School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Kime Realty
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