Last Sold Price
4,370 sqft$67/sqft
1724 South Custer Road, Monroe, MI 48161

Description

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....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.
LISTING CLOSED: 05/04/2026 12:00 AM

  1. Listed by Jeffrey A Menzer • RE/MAX Moves
    P: (734) 925-3444 C: (734) 925-3444 jmenze7239@yahoo.com

Property Details for 1724 South Custer Road

Status
MLS #
60392386
Days on Market
274
Taxes
$8,179 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1950
Lot Size
0.33 AC / 14,374 SF
Architectural Style
1 Story
Subdivision Name
WERTENBERGER PLACE - MONROE CITY
Has Waterfront
No
Zoning Description
Commercial

Location

Listing Courtesy of RE/MAX Moves

Sold By LPS

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Building Information for 1724 South Custer Road

Stories1Residences4Year Built1950Building Size-Lot Size0.33 AC / 14,374 SF

Payment Calculator

$2,171 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,489

Property Taxes

$682

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1724 South Custer Road

Summary
Location and General Information
  • Cross Street: Telegraph-US 24
  • Directions: South on Telegraph, west on S. Custer about 10 blocks.
  • Latitude: 41.92069398
  • Longitude: -83.42136501
  • MLS Area Major: Monroe (58026)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: 58551900980000
  • Tax Annual Amount: $8,179.00
  • Tax Assessed Value: 135790
School Information
  • High School District: Monroe
Parking
  • Attached Garage: No
  • Parking Total: 12.0
Property
Lot Information
  • Direction Faces: West
  • Frontage Length: 120.0
  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Units: Acres
  • Lot Size Dimensions: 120.00 x 120.00
  • Road Frontage Type: Private Road
  • Road Responsibility: Private Maintained Road
Property and Assessments
  • Above Grade Finished Area: 4370.0
  • Above Grade Finished Area Units: Square Feet
  • Building Area Total: 4370.0
  • Living Area: 4370.0
  • Living Area Source: Prior Listing
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1950
Building Features
  • Construction Materials: Brick, Asphalt
  • Foundation Details: Slab
  • Levels: One
  • Roof: Asphalt
  • Total Stories: 1
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: Sidewalks
  • Exterior Features: Balcony
  • Fencing: Fenced
  • Patio And Porch Features: Porch
Interior Features
  • Basement: Partial, Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Cooling: Central Air
  • Has Cooling: Yes
  • Has Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
Income & Expenses
  • Gross Scheduled Income: $36,600
  • Net Operating Income: $30,600
  • Operating Expense: $6,000.00
Unit Information
Unit 1
  • Actual Rent: $650.00
  • Baths Total: 1
  • Furnished: Furnished
  • Type: One Bedroom
Unit 2
  • Actual Rent: $900.00
  • Baths Total: 1
  • Furnished: Furnished
  • Type: Two Bedroom
Unit 3
  • Actual Rent: $1,500.00
  • Baths Total: 1
  • Furnished: Furnished
  • Type: Three Bedroom
Unit 4
  • Baths Total: 1
  • Furnished: Unfurnished
  • Type: Four Bedroom Or More

Property History for 1724 South Custer Road

DateEvent & SourcePriceAppreciation
May 4, 2026

Sold (Public Record)

Public Record #1939425299

$293,000

+1.5% / yr

May 4, 2026

Sold

MiRealSource #60392386

$293,000
May 4, 2026

Sold

Realcomp #20250033364

$293,000
DateEvent & SourcePrice
05/04/2026

Sold (Public Record)

Public Record #1939425299

$293,000

+1.5% / yr

05/04/2026

Sold

MiRealSource #60392386

$293,000
05/04/2026

Sold

Realcomp #20250033364

$293,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1724 South Custer Road

Taxable ValueLand$20,640Additions$134,160Total$154,800
Tax Record2024$8,383 ($699 / month)
Home Facts
Baths1Total Finished SqFt4,345 SqFtAbove Grade Finished SqFt4,345 SqFtStories1Lot Size14,375 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950ZoningR-1ACountyMONROEAPN55-19-00980-000

Schools near 1724 South Custer Road

This home is within Monroe Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 8 to 12
Public - 6 to 12
Public - PK to 6
Rating
School
Distance
Raisinville School
PublicPK to 6

Monroe High School
Public8 to 12

Orchard Center High School
Public6 to 12

Custer Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1724 South Custer Road, Monroe, MI 48161
$293,000
4,370
14,374
$5,000
8,712
$183,000
3
1,537
8,712
$1,000,000
4,836
43,429
3,623
17,424
3
1,269
6,098

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Moves

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