1724 S CUSTER Road
Monroe, MI, 48161
$309,000
Beds
4 Baths
0 SqFt
0.33 Acres
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$309,000
1724 S CUSTER Road
Monroe, MI, 48161
Multifamily opportunity! If you are looking for some positive, easy, and passive income, this is the place for you. There is 1 apartment that is currently rented and under lease. Each apartment is a month to month lease and buyer will assume all tenant’s rights. New tenant moving in on April 1, 2026 in the one bedroom with rent of $690. 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!Licensed real estate agent must be on site with buyer(s) during all showings. Lockbox is located on the east side of the building on the front office door. BATVAI PLEASE RESPECT ALL TENANTS DURING SHOWINGS AS TENANTS ARE UNDER CURRENT LEASES.Tenants need 48 hours for all showings. Continent on release of previous contract.

Property Details

Price:
$309,000
MLS #:
20250033364
Status:
Active
Beds:
0
Baths:
4
Address:
1724 S CUSTER Road
Type:
Single Family
Subdivision:
Monroe City
City:
Monroe
Listed Date:
May 8, 2025
State:
MI
ZIP:
48161
Lot Size:
14,375 sqft / 0.33 acres (approx)
Year Built:
1950

Schools

School District:
Monroe

Interior

Cooling
Central Air
Heating
Forced Air

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$30,600
Taxes
$8,179
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1724 S CUSTER Road
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