224 Monroe Street
Saline, MI 48176

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Description

Exceptional investment opportunity! This fully occupied tri-plex is ideally located near downtown Saline, offering three units with tenants in place. The property features a spacious garage with ample storage and three dedicated parking spaces, plus additional on-site parking for convenience. Recent updates include a new HVAC system installed in 2023 and a water heater replaced in 2025, ensuring efficiency and peace of mind for owners and residents alike. Don't miss your chance to own this turnkey multifamily property in a desirable location!

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active Contingent
• County/Area: Washtenaw County
• Zip Code: 48176
• Year Built: 1909
• School District: Saline
• Units: 3 units
• Basement: Full, Slab, Walk-Out Access, Yes, Yes
• # of Parking Spaces: 7
• Lot Size: 0.501 acres
• Annual Utilities: 2000
• Construction Materials: Aluminum Siding
• Cross Street: Monroe & E. Michigan Ave
• Directions: West on E. Michigan Ave (US-12), South on Monroe, on right
• Driveway: Aggregate
• Extras: Sep Electric Meter
• Gross Income: 33000
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Insurance Expense: 3000
• Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup, In Basement
• Lot Description: Level
• Lot Features: Level
• Lot Size Area: 0.5
• Lot Size Square Feet: 21824
• Lot Size Units: Acres
• MLS Area Major: Ann Arbor/Washtenaw - A
• MLS Area Minor: Ann Arbor/Washtenaw - A
• Main Type: Multi Family
• Maintenance Expense: 3000
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 3
• Operating Expense: 16500
• Owner Pays: Gas, Sewer, Trash Collection, Water
• Ownership: Private Owned
• Parcel Number: 18-18-01-430-006
• Parking Features: Aggregate
• Possession: Subject To Tenant Rights
• Road Frontage: 88
• Road Surface Type: Paved
• Roof: Composition
• SEV: 170200
• Sewer: Public Sewer
• Street Type: Paved, Public
• Tax Annual Amount: 8008
• Tax Legal Description: *OLD SID - 18 18-055-067-00 SC 5-41A LOT 41 EXC S 50 FT ASSESSOR'S PLAT NO. 4.
• Tax Year: 2024
• Tenant Pays: Electricity
• Terms Available: Cash, Conventional
• Township: Saline City
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected
• Water Source: Public Water
• Zoning Description: R-3