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1724 S Custer Road

Monroe, MI 48161
  • $339,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 20240028637
UPDATED: 148 min ago
$339,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,345
    SQFT
  • $78
    $/SQFT
Type:
Multi-Family
Built:
1950
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
120.00 x 120.00

School Ratings & Info

School District:

Description

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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IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-05-29T12:00:59.293.
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1724 S Custer Road Monroe, MI 48161

  • Price: $339,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 148 min ago
  • MLS #: 20240028637
0
Beds
4
Baths
0
½ Baths
0.33
Acres
4,345
SQFT
$78
$/SQFT
1950
Built
Neighborhood:
Wertenberger Place - Monroe City
County:
Monroe
Area:
Monroe
School District:
MONROE
Property Description
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.
Exterior Features

Architecture Level 1 Story Architecture Style DuplexUpper/Lower Apartment Construction Materials AsphaltBrick Exterior Features Fenced Foundation Details Slab Lot Size Dimensions 120.00 x 120.00 Parking Total 8 Pool YN No Porch Type Balcony Road Frontage Feet 120 Road Frontage Type PrivatePub. Sidewalk Roof Material Asphalt Side Of Street W Waterfront YN No

Interior Features

Basement YN No Baths Total 4.00 Cooling Central Air Fireplace YN No Heating Forced Air Heating Fuel Natural Gas Living Area Source Prior Listing Sq Ft Combined 4345 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 1 Unit Two Bed Number Of 1

Property Features

Assessment 0.00 Down Payment Resource YN Yes Existing Lease YN Yes Gross Scheduled Income 37200.00 Homestead YN No Income Projection Actual Land Contract YN No Listing Financing CashConventional Monthly Rental Income 3100 Number Of Units Leased 3 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed Dogs OK Postal City Monroe Protection Period 90 Rent Includes Trash Collection (Garbage Pickup)WaterYard Maintenance Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 4061.0000 Tax Amount Winter 3933.0000 Title Standard (Private) Total Tax 7994.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 1724 S CUSTER Road Water Source Public (Municipal) Year Remodeled 2021 Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via RE/MAX Moves: (734) 785-8549 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real5 and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real5 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-05-29T12:00:59.293.
 
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