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$ 255,000
Est. payment | /mo
3 Baths
3,856 SqFt
$ 255,000
Est. payment | /mo
3 Baths
3,856 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,856 sqft
Price per Sqft $66
Subdivision Carleton Village Blk 1
MLS Listing ID 20261069235
Style Historic
Full Baths 3
Year Built 1890
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type MultiFamily
Property Description
LAND CONTRACT TERMS AVAILABLE WITH 25% DOWN. 910 Monroe Street sits at the heart of downtown Carleton, offering a rare chance to own a piece of the community's history while building real, tangible income. Believed to be the oldest commercial building in Carleton, this 1890-built mixed-use property spans 3,856 square feet above grade and combines a ground-floor commercial unit with three second-floor apartments — a layout built for flexibility, whether you're launching a storefront, growing a portfolio, or doing both at once. The main level presents a blank canvas: a vacant commercial space ready for your business concept, retail vision, or office use, positioned to take advantage of steady downtown foot traffic. Upstairs, three residential units—two one-bedroom apartments and a studio—are currently occupied and generate $1,650 in monthly rental income. All three apartments received new windows in 2023, a meaningful upgrade that improves energy efficiency and reduces near-term maintenance costs for the next owner. What makes this property stand out is the built-in income stream working in your favor from day one — tenant rent already offsetting the mortgage while you determine your plans for the commercial space below. Few opportunities offer this level of built-in cash flow paired with the character and street presence of a nearly 135-year-old landmark building. This is a motivated seller situation, and the numbers speak for themselves. Showings require 24 hours' notice along with proof of funds or pre-approval, so serious buyers should come prepared to move. Historic character, income-producing tenants, and downtown visibility rarely align this well — schedule your showing before this one is gone.
Location
State MI
County Monroe
Area Area06042Carletonvlg
Interior
Heating Forced Air, Natural Gas, Wall Furnace
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation CrawlSpace
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Airport
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
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Listed by Greg Kime of Kime Realty
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