1724 S Custer Road Monroe, MI $ 339,000
1724 S Custer Road
$ 339,000
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1724 S Custer Road

Monroe, MI, 48161
$ 339,000
Bedrooms6 Baths4.0 Sq 4,345

Monthly Estimate*

$ 2,368

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Multi-Family Home for sale in Monroe, MI

for $339,000 with 6 bedrooms and 4 full baths. This 4,345 square foot home was built in 1950 on a lot size of 0.33.

Multifamily opportunity. If you are looking for some passive income, this is the place for you. There are 3 apartments that are currently rented and under lease. There is also a large office space that has 4 rooms, 1.5 baths, and a lobby. The potential income for the office exceeds $2500/month income. One apartment is a 3br, 1 bath (rents $1350/month), one apartment is a 2 br, 1 bath (rents $1100/month), and the last apartment is a 1 bedroom, 1 bath (rents $650/month). The apartments are currently Section 8 income. 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 with over 10 parking spaces for tenant and office parking.

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Multi-Family Active

Price

$ 339,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,994

Style

Duplex,Upper/Lower Apartment

Lot Size

0.33

Year Built

1950

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

20240028637

Features
Interior
Heating Fuel Natural Gas
Basement Y/N 0
Total Units 4
Fireplace 0
Street Suffix Road
Total Baths 4.00
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General
Sewer Public Sewer (Sewer-Sanitary)
Heating Forced Air
Cooling Central Air
Rent Includes Trash Collection (Garbage Pickup) Water Yard Maintenance
Possession At Close
Pets Allowed Dogs OK
Exterior Features Fenced
Zoning Commercial
Pool Y/N 0
Full Baths 4
Half Baths 0
Year Built 1950
Property Type Multifamily
Subdivision Name WERTENBERGER PLACE - MONROE CITY
Transaction Type Sale
Status Active
Short Sale No
Parking Total 8
Construction Materials Asphalt Brick
Cumulative Days on Market 20
MLS Area Monroe
Directions South on Telegraph west on S. Custer about 10 blocks.
City Monroe
Terms Offered Cash Conventional
School District Monroe
Land Contract 0
Down Payment Resource 1
Ownership Status Short Sale - No Private Owned
Street Name CUSTER
Homestead 0
Assessment 0.00
Total Sq Ft 4345
DOM 20
Taxes 7994.0000
Legal Description WERTENBERGER PLACE LOTS 67 AND 68
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Exterior
Waterfront 0
Lot Size Area 0.33
Water Source Public (Municipal)
Foundation Slab
Lot Size Dimensions 120.00 x 120.00
Porch Balcony
Roof Material Asphalt
Architecture Level 1 Story
Architecture Style Duplex Upper/Lower Apartment
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Jeffrey A Menzer

Listing Agent

Re/Max Moves

Broker

(734) 925-3444

Phone

Affordability Calculator

$3,034
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,368
Monthly Property Taxes
$666
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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!
Nearby
848016 Elementary School
848002 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2024$339,000 Listed Price

Map


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1724 S Custer Road, Monroe, MI, 48161 is a Multi-Family Home for sale at $339,000 with 4,345 sqft and a lot size of 0.33. 1724 S Custer Road has 6 bedrooms, 4.0 baths, and was built in 1950. The property's zip code is 48161 which is in Monroe, MI