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725 Washington
Monroe, MI 48161
Asking Price
$5.20M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 60 Units <ul><li>½ Mile South of Downtown Monroe</li><li>Recently Updated (2025)</li><li>Unit Mix: 42-One Bed; 18-Two Bed</li><li>2.55 Acre Site</li><li>Zoned RM (Med. Density Residential)</li><li>In-Place NOI: $359,226</li></ul>
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NOI
$80,000
Cap Rate
1.54%
DSCR
0.26
Underwater
Cash-on-Cash
-14.66%
Monthly Payment
$25,726.763
Annual Cash Flow
$-228,721.153
