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$ 299,999
Est. payment /mo
Price Dropped by $10K
3042 S Custer Road Monroe, MI 48161
5 Beds
4 Baths
2,530 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,530 sqft
Price per Sqft $118
Subdivision Mi
MLS Listing ID 50214766
Style 2 Story
Bedrooms 5
Full Baths 4
Annual Tax Amount $4,943
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 65x383
Property Sub-Type Multi-Family
Property Description
Turnkey 4-unit investment opportunity offering immediate cash flow and a unique river-view setting on approximately 0.50 acres. All four units are currently rented, generating $3,295/month in gross rental income, plus additional income from coin-operated laundry. Looking for an owner-occupied investment? Live in one unit while rental income from the other three helps offset your housing expenses when a unit becomes available. Separate gas and electric meters help minimize owner-paid utilities, and parking includes 3 detached garage spaces plus 2 additional enclosed garage spaces. Recent improvements include exterior painting, a remodeled bathroom and sunroom in Apartment 2, vinyl plank flooring, and fresh paint. One long-term tenant currently assists with lawn care, snow removal, and routine light maintenance in exchange for below-market rent, offering future income upside. Units are available for showings with notice.
Location
State MI
County Monroe
Area Monroe Twp (58012)
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached Garage
Garage Spaces 5.0
Building
Story 2 Story
Foundation Basement
Water Public Water
Schools
School District Monroe Public Schools
Others
Ownership Private
SqFt Source Realist
Energy Description Natural Gas
Financing Cash,Conventional,Land Contract
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Wiens And Roth Real Estate - Lambertville
NEARBY SCHOOL & BUSINESS
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