1724 S Custer Rd Monroe, MI 48161
Southwest Monroe NeighborhoodEstimated payment $1,963/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 |
|---|---|---|---|---|---|
| 02/14/2026 02/14/26 | Pending | -- | -- | -- | |
| 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
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.