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    229 Michigan Ave Monroe, MI 48162

    For Sale
    $229,400

    Fully rented duplex in a quiet, desirable Monroe location.

    Lot size:
    0.14 Acres

    Property Features for 229 Michigan Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1923

    Source: Key Realty One LLC - South Monroe Agent Mitchell Petree

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Duplex in Desirable Location

    Located on Michigan Avenue, this well-maintained duplex is situated in a quiet and desirable area of Monroe. The property is currently fully rented. The upstairs unit is rented for $1000 per month, while the downstairs unit is rented for $1200 per month. Gas and water are included in the rent, and tenants are responsible for their electric usage. The upper unit features a separate side entrance. The property includes a full basement and a 1-car garage, both of which are used by the lower tenant.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3852016
    Latitude
    41.917481

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex in a quiet, desirable Monroe location.
    Where is this duplex located?
    The property is located at 229 Michigan Ave Monroe, MI.
    What is the asking price?
    The asking price for this property is $229,400.
    What are key features of this property?
    This property features: - Fully rented duplex providing immediate rental income.; - Total monthly rental income of $2200.; - Located in a quiet and desirable area of Monroe.
    (734) 735-2378
    Request Owner's contact information
    229 Michigan Ave Monroe, MI 48162
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    229 Michigan Ave Monroe, MI 48162
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