21
See all 21 photos
$310,000
Est. payment /mo
5 Beds
4 Baths
2,530 SqFt
New
3042 S Custer Road Monroe, MI 48161
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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 $122
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, fully occupied 4-unit investment property offering immediate cash flow and a scenic river-view setting on approximately 0.50 acres. This well-maintained fourplex generates $3,295 per month in gross rental income, plus additional income from the coin-operated laundry. Current leases are in place through Summer 2027, providing stable, predictable income for the next owner. Separate gas and electric meters for each unit help minimize owner expenses. Tenants enjoy ample parking with 3 detached garage spaces and 2 additional enclosed garage spaces. Recent improvements include premium exterior paint, foundation façade upgrades, remodeled bathroom and sunroom in Apartment 2, vinyl plank flooring in Apartments 1-3, and fresh paint in Apartment 1. One long-term tenant assists with lawn care, snow removal, and routine property maintenance, reducing owner responsibilities while providing future rental upside.
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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