
Courtesy of: Chris Rothan, eXp Realty, chris@therothangroup.com
$700,000
|
Lot: 0.53 Acres
|
|
Other
|
$700,000
517 E MONROE Street unit: 519 PART OF A PACKAGE. BUYER MUST ACQUIRE BOTH PARCELS. Unique Investment Opportunity with Multiple Income Streams This offering includes two parcels delivering immediate cash flow and long-term upside. Parcel one includes three multi-unit buildings totaling eight residential units: - 407 Morgan St - 2 units (3 Bed/1 Bath, 1 Bed/1 Bath) - 517 E Monroe - 4 units (four 2 Bed/1 Bath units) - 519 E Monroe - 2 units (2 Bed/1 Bath, 1 Bed/1 Bath) Parcel two features a pay-to-park lot with 49 income-producing parking spaces - a rare, stable revenue component. The apartment portfolio is nearly fully occupied, with one current vacancy already vetted with a qualified new tenant. Most units have been updated, allowing for strong in-place rents. Additional upside comes from value-add potential through an additional unit that can be finished out in one of the apartments. Also, outdoor storage units have an opportunity to further increase NOI. This is a diversified asset combining residential income with parking revenue - ideal for investors seeking both cash flow and growth potential. Seller is only selling this amazing opportunity as a package deal.
Courtesy of: Chris Rothan, eXp Realty, chris@therothangroup.com
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.