1724 S CUSTER Road, Monroe, MI 48161 (MLS # 60304534)
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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.
| DAYS ON MARKET | 16 | LAST UPDATED | 5/1/2024 |
|---|---|---|---|
| TRACT | WERTENBERGER PLACE - MONROE CITY | YEAR BUILT | 19 |
| COMMUNITY | Monroe (58026) | COUNTY | Monroe |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Monroe (58026) |
|---|---|
| BASEMENT | Slab |
| CONSTRUCTION | Brick |
| EXTERIOR | Frontage: 120 |
| HEAT | Forced Air |
| INTERIOR | Apartment Bldg, Fence |
| LOT | 0.33 acre(s) |
| LOT DIMENSIONS | 120.00 x 120.00 |
| SEWER | Public Sanitary |
| SUBDIVISION | WERTENBERGER PLACE - MONROE CITY |
| WATER | Public Water |
| ZONING | Commercial |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Source MLS: MiRealSource
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