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*

$ 1,928

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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

Lot Size

0.33

Year Built

1950

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

60392386

Features
General
Heating Forced Air
Cooling Central A/C
Possession At Close
Water Public Water
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1950
Subdivision WERTENBERGER PLACE - MONROE CITY MI
County Monroe
Class MULTIFAMILY
Type Multi-Family
Net Income 30600
Ownership Private
Municipality Monroe
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Structure Style 1 Story
Area Monroe (58026)
Primary City Monroe
Directions South on Telegraph west on S. Custer about 10 blocks.
City Monroe
School District Monroe Public Schools
Financial Terms Cash Conventional Exchange/Trade FHA FHA 203K
Legal Description WERTENBERGER PLACE LOTS 67 AND 68
DOM 187
Postal Code 48161
Price Per Sq Ft Total AG 70.71
Public Remarks Multifamily opportunity! If you are looking for some positive easy and passive income
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Interior
Basement Block
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Exterior Asphalt Brick
Exterior Amenities Exterior Balcony Fenced Yard Porch
Frontage 120
Lot Size Area 0.33
Lot Dimensions 120.00 x 120.00
Roads Private Road
Waterfront Y/N No
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* Excluded Features
List By
Jeffrey Menzer

Listing Agent

Re/Max Moves

Broker

jmenze7239@yahoo.com

Email

Affordability Calculator

$2,609
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,928
Monthly Property Taxes
$682
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1521890 Elementary School
1521887 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