John Hawthorne, Realtor

08/26/2024

This midwestern city famously went bankrupt about a decade ago, but now it's made a comeback. Savvy investors are snapping up out-of-this-world real estate deals.

08/12/2024

Hello Everyone. Industrial Building for sale In Rochester Michigan. It will be hitting the MLS in the next few days but wanted to give everyone a heads up.

Once in a generation opportunity in Rochester Michigan. This 5-unit flex building on highly desirable South Street with I-2 Zoning. In 10 years of ownership the buildings have been 100% occupied, low turnover of tenants and have never had to advertise – when a unit is becoming vacant there is such a demand that no advertising is needed. Each unit is 2500 square feet and has an office and restroom as well as a shop area that also has a restroom. One unit has two overhead doors, and the others have one. Each unit has approximately 1600 sq feet of additional outside storage in the back of each unit. The units are fully leased with $200/year per unit of rent increases baked into the leases. The tenants are all under triple net leases, which means they are 100% responsible for their units and the taxes associated with them. The parking lot has been recently repaired and the roof has been replaced in phases during the last ownership. Ownership expenses are insurance and CPA costs- $5,000 in the last two years. Two leases terminate at the end of 2025 and three terminate in February of 2026. The February 2026 leases have two one-year extensions built in with rent rate negotiated between ownership and tenant. At a 7.5 cap rate the rent increases baked into the leases will drive the building value $160,000 per year. The total return on this investment at the asking price is over 20% annually.
$1,100,000

Due to the anticipated high demand proof of funds will be required to receive a copy of the rent rolls and the property survey. We will be setting up a couple of days of showings before the end of the month for qualified buyers. Under no circumstances may you contact tenants or tour the property without permission from the current ownership/realtor. Doing so will eliminate your ability to place a bid.

07/25/2024

SAT 07/27/24, 10AM

MIRS GROUP, LLC REAL ESTATE NETWORKING

Networking and Breakfast

Start your weekend by joining MIRS Group, and your fellow Real
Estate professionals; Real Estate Agents, Wholesalers, Lenders,
Investors, Title Agents, and more for a morning of networking and
growing your business.

Coffee and food will be served. Hosted by MIRS Group at the KW
Monzo Group
235 N Groesbeck Hwy, Mt Clemens, MI 48043.

06/24/2024

Thank you everyone who attended The Wealthy Flipper event this weekend.

06/17/2024

The Wealthy Flipper is holding our first Michigan class on June 22.
See the wealthy flipper.com for details

06/16/2024

We are thrilled to announce that The Monzo Group has been named RealTrends #1 Team in Michigan! 🥇

This incredible honor is a testament to our hard work, dedication, and the trust of our amazing clients. We couldn't have achieved this without our phenomenal team and your unwavering support.

06/27/2023