Beal Properties LLC
Listed by Beal Properties LLC
$5,200,000
Frenchtown Flats
Details
APN 55-39-00592-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 111,000
Units 60
NOI $359,226
Tenancy Multi
Pro-Forma NOI $359,226
Class C
Year Built 1970
Buildings 4
Acreage 2.550
Zoning RM – Medium Density Residential
Parking Spaces 70 spaces
Parking Per SqFt 0.63
Investment Type Stabilized
Multifamily | 60 Units
Marketing description
Positioned just 20 minutes from Toledo and 45 minutes from both Ann Arbor and Detroit, residents have easy access to city amenities while enjoying Monroe's local attractions like Lake Erie, shopping, dining, and entertainment options. Situated in Downtown Monroe near Monroe Middle School.
Investment highlights
- ½ Mile South of Downtown Monroe
- Recently Updated (2025)
- Unit Mix: 42-One Bed; 18-Two Bed
- 2.55 Acre Site
- Zoned RM (Med. Density Residential)
- In-Place NOI: $359,226
Listing Contacts
Beal Properties LLC
Listed by Beal Properties LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$359,226.00
$29,935.50/mo
Valuation Metrics
0
DSCR
6.91%
Cap Rate
6.91%
ROI
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