1724 S Custer Rd Monroe, MI 48161
Southwest Monroe NeighborhoodEstimated payment $1,987/month
Highlights
- 0.33 Acre Lot
- Enclosed Patio or Porch
- Forced Air Heating and Cooling System
- Balcony
- 1-Story Property
- Dogs Allowed
About This Home
Multifamily opportunity! If you are looking for some positive, easy, and passive income, this is the place for you. There are 3 apartments that are currently rented and under lease. Each apartment is a month to month lease and buyer will assume all tenant's rights. 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!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950 | Remodeled in 2021
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 120.00 x 120.00
- Property fronts a private road
- Fenced
Parking
- 12 Parking Spaces
Home Design
- Duplex
- Brick Exterior Construction
- Block Foundation
- Slab Foundation
- Asphalt Roof
- Asphalt
Interior Spaces
- 4 Full Bathrooms
- 4,370 Sq Ft Home
- 1-Story Property
- Unfinished Basement
Outdoor Features
- Balcony
- Enclosed Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 58551900980000
Community Details
Overview
- 4 Units
- Wertenberger Place Monroe City Subdivision
Pet Policy
- Dogs Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,448 | $154,800 | $20,640 | $134,160 |
| 2024 | $4,246 | $140,350 | $0 | $0 |
| 2023 | $7,648 | $123,180 | $0 | $0 |
| 2022 | $7,648 | $123,180 | $0 | $0 |
| 2021 | $5,012 | $79,600 | $0 | $0 |
| 2020 | $6,960 | $128,490 | $0 | $0 |
| 2019 | $6,668 | $128,490 | $0 | $0 |
| 2018 | $6,489 | $113,350 | $0 | $0 |
| 2017 | $6,383 | $113,350 | $0 | $0 |
| 2016 | $6,259 | $110,220 | $0 | $0 |
| 2015 | $6,049 | $110,620 | $0 | $0 |
| 2014 | $6,049 | $110,620 | $0 | $0 |
| 2013 | -- | $105,520 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/22/2025 10/22/25 | For Sale | $309,000 | 0.0% | $71 / Sq Ft | |
| 09/23/2025 09/23/25 | Pending | -- | -- | -- | |
| 05/08/2025 05/08/25 | For Sale | $309,000 | +76.6% | $71 / Sq Ft | |
| 02/10/2020 02/10/20 | Sold | $175,000 | -12.5% | $40 / Sq Ft | View Prior Sale |
| 01/25/2020 01/25/20 | Pending | -- | -- | -- | |
| 01/02/2020 01/02/20 | For Sale | $199,900 | 0.0% | $45 / Sq Ft | |
| 11/06/2019 11/06/19 | Pending | -- | -- | -- | |
| 10/23/2019 10/23/19 | Price Changed | $199,900 | -4.8% | $45 / Sq Ft | |
| 09/10/2019 09/10/19 | For Sale | $210,000 | +20.0% | $48 / Sq Ft | |
| 09/10/2019 09/10/19 | Off Market | $175,000 | -- | -- |
Source: Realcomp
MLS Number: 20250033364
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 1703 S Custer Rd
- 624 Waterloo Ave
- 1910 S Custer Rd
- 1851 Erie St
- 928 Wolverine Ave
- 1985 S Custer Rd
- 0 N Telegraph Rd Unit 31361948
- 0 N Telegraph Rd Unit 20230102531
- 0 W 7th St
- 954 Jefferson Ct
- 0 S Custer Lot B Rd
- 0 S Custer Lot A Rd
- 0 S Custer Lot C Rd
- 327 S Roessler St
- 729 Union St
- 718 W 4th St
- 116 N Roessler St
- 815 Union St
- 517 John Anderson Ct Unit 76
- 1823 Carmel Dr
- 830 Western Ave
- 50 Virginia Dr Unit 7
- 50 Virginia Dr Unit 10
- 1646 W Lorain St
- 300 Twin Oaks Ct
- 84 W Front St Unit 84
- 725 Washington St
- 1318 Frank Dr
- 1329 Foxton Dr
- 426 E 4th St
- 734 N Monroe St
- 783 N Macomb St
- 927 N Macomb St
- 1513 Stewart Rd
- 402 Stewart Rd
- 6112 Greenwycke Ln
- 504 Parkwood St
- 1166 N Macomb St
- 1621 Parkwest Dr
- 1811 N Telegraph Rd Unit Lot 42