$125,000
For Sale

2020 N Monroe

Monroe, MI 48162
Browse 12 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Lucrative Investment Opportunity! This income property boasts a thriving barber shop and salon, strategically positioned in a high-traffic location. The property is fully leased and turnkey, making it an effortless addition to your investment portfolio. Operating five days a week, it features nine booths, seven of which are consistently rented year-round, ensuring a steady stream of rental income. Additionally, there's a massage room and all necessary equipment is included, making it a seamless transition for the new owner. The current owner is ready to retire, providing you with a golden opportunity to not only generate rental income but also supplement your overall financial portfolio by owning this prime piece of real estate. Don't miss your chance to capitalize on this profitable venture.

  • Property Details
      • Acres0.19
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1965
    • Material information
      • FoundationSlab
  • Community and Neighborhood Details
      • CountyMonroe
  • Financial Details
      • Original List Price$285,000
      • Days on Market (Cumulative)1691
      • Buying Agency Compensation2.5%
  • Other
      • MLS #G31375935
  • -
      • Garage Spaces0

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00