1724 S Custer Rd Monroe, MI 48161
Southwest Monroe NeighborhoodEstimated payment $2,020/month
About This Home
Multifamily opportunity! If you are looking for some positive, easy, and passive income, this is the place for you. There is 1 apartment that is currently rented and under lease. Each apartment is a month to month lease and buyer will assume all tenant's rights. New tenant moving in on April 1, 2026 in the one bedroom with rent of $690. 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!
Licensed real estate agent must be on site with buyer(s) during all showings. Lockbox is located on the east side of the building on the front office door. BATVAI PLEASE RESPECT ALL TENANTS DURING SHOWINGS AS TENANTS ARE UNDER CURRENT LEASES.
Tenants need 48 hours for all showings. Continent on release of previous contract.
Property Details
Property Type
- Other
Year Built
- Built in 1950 | Remodeled in 2021
Lot Details
- 14,375 Sq Ft Lot
- Lot Dimensions are 120.00 x 120.00
- Fenced
Home Design
- Brick Exterior Construction
- Block Foundation
- Slab Foundation
- Asphalt
Additional Features
- Basement
Community Details
- 4 Units
- Wertenberger Place Monroe City Subdivision
Listing and Financial Details
- Assessor Parcel Number 58551900980000
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 |
|---|---|---|---|---|---|
| 04/06/2026 04/06/26 | Pending | -- | -- | -- | |
| 03/16/2026 03/16/26 | For Sale | $309,000 | 0.0% | $71 / Sq Ft | |
| 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: 20250033363
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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.