1724 S CUSTER Road Monroe, MI $ 309,000
1724 S CUSTER Road
$ 309,000
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1724 S CUSTER Road

Monroe, MI, 48161
$ 309,000
Baths4.0 Sq 4,370

Monthly Estimate*

$ 1,903

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Studio

Multi-Family Home for sale in Monroe, MI

for $309,000 with 4 full baths. This 4,370 square foot home was built in 1950 on a lot size of 0.33.

Multifamily opportunity! If you are looking for some positive, easy, and passive income, this is the place for you. There are 3 apartments that are currently rented and under lease. Each apartment is a month to month lease and buyer will assume all tenant's rights. Current tenants have always paid on time. Property is managed by seller. On ground level, there is also a large office space that has 4 rooms, 1.5 baths, and a lobby. This office space can be reverted back into a 4 bedroom apartment giving the new buyers more income revenue (about $2000.00). This property offers a strong investment potential in a neighborhood that has already seen significant revitalization and is posed for on going growth. The property has a larger parking lot for 12 parking spaces for tenant and office parking. Seller is motivated to sell but will not take low offers. Come bring your new buyers and/or investor for an opportunity that will result in immediate income!

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Multi-Family Active

Price

$ 309,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,179

Style

Duplex,Upper Lower Apartment

Lot Size

0.33

Year Built

1950

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

20250033364

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Utilities AboveGroundUtilities
Possession AtClose
Roof Asphalt
Patio/Porch Features Enclosed Porch
Architectural Style Duplex UpperLowerApartment
Pool Features None
Construction Materials Asphalt Brick
Pets Allowed DogsOk
Year Built 1950
Levels One
Property Subtype MultiFamily
Community Features Sidewalks
County Monroe
Net Operating Income 30600.0
Operating Expense 6000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name WERTENBERGER PLACE - MONROE CITY
Garage Y/N N
Rent Includes TrashCollection Water YardMaintenance
Full Baths 4
Status Active
Directions South on Telegraph west on S. Custer about 10 blocks.
City MonroeCity_Monroe
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Monroe
Zoning Description Commercial
Number Of Units Total 4
MLS Area Area06122Monroe
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Land Lease Y/N N
Tax Annual Amount 8179.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 135790
TaxOtherAnnualAssessmentAmount 0.0
Expected Active Date 2025-05-08
Legal Description WERTENBERGER PLACE LOTS 67 AND 68
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Interior
Basement Partial Unfinished
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 4370.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
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Exterior
Exterior Amenities Balcony
Fencing Fenced
Water Source Public SeparateMeters
Total Parking 12.0
Lot Size Area 0.33
Foundation Details Basement Block Slab
Spa N
Lot Dimensions 120.00 x 120.00
Lot Size Acres 0.33
Waterfront Y/N N
Road Frontage Type PrivateRoad
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1724
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* Excluded Features
List By
Jeffrey A Menzer

Listing Agent

Re/Max Moves

Broker

(734) 925-3444

Phone

Affordability Calculator

$2,584
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,903
Monthly Property Taxes
$682
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
848016 Elementary School
848002 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2025$309,000 Listed Price

Map


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1724 S CUSTER Road, Monroe, MI, 48161 is a Multi-Family Home for sale at $309,000 with 4,370 sqft and a lot size of 0.33. 1724 S CUSTER Road is a studio with 4.0 baths and was built in 1950. The property's zip code is 48161 which is in Monroe, MI