1724 S CUSTER Road Monroe, MI ^$ 339,000

1724 S CUSTER Road

^$ 339,000

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Recently Listed

1724 S CUSTER Road

Monroe, MI, 48161

^$ 339,000

Studio Baths4.0 Sq 4,345

Monthly Estimate*

^$ 2,368

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Studio

Multi-Family Home for sale in Monroe, MI

for $339,000 with 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.

Multi-Family Active

Price

^$ 339,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,994

Style

Lot Size

0.33

Year Built

1950

Town/City

Monroe

County/Region

Monroe

MLS | Web ID

60304507

Features

General

Heating Forced Air

Cooling Central A/C

Possession At Close

Exterior Features Exterior Balcony Fenced Yard

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

Percent Ownership Private

Municipality Monroe

Zoning Commercial

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

Street Name CUSTER

Financial Terms Cash Conventional

Legal Description WERTENBERGER PLACE LOTS 67 AND 68

DOM 14

Postal Code 48161

Price Per Sq Ft 78.02

Coming Soon Multifamily opportunity. If you are looking for some passive income

Exterior

Exterior Asphalt Brick

Frontage 120

Lot Size Area 0.33

Lot Dimensions 120.00 x 120.00

Roads Private Road

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Jeffrey Menzer

Listing Agent

Re/Max Moves

Broker

jmenze7239@yahoo.com

Affordability Calculator

$3,034

Per Month

Monthly Principal & Interest: $2,368
Monthly Property Taxes: $666
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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Nearby

Trends
Schools

Multi-family listings in Monroe, MI

Average List Price ^$220,733

Percent of Sale Price 35%

About Monroe, MI

20,059 Population

-7% Since 2002

^$43,524 Median Income

37.98 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1521890 Elementary School

1521887 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2024	$339,000		Listed Price

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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 is a studio with 4.0 baths and was built in 1950. The property's zip code is 48161 which is in Monroe, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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1724 S CUSTER Road

Multi-Family Home for sale in Monroe, MI

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