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Monroe Multi-Unit Investment Opportunity

3778 N Custer Rd Monroe, MI 48162

3778 N Custer Rd, Monroe, MI, 48162
$599,000
For Sale
$599,000

Multi-unit property with income potential and updated units.

Days on Market86

Property Features for 3778 N Custer Rd

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1917
Listing agency Coldwell Banker Haynes Real Estate, Inc.
Listed by Erika Baehr · License #6501332078
Source Elliman
Added: Apr 27 Updated: Jul 10 at 1:27PM Checked: Jul 19 at 5:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Haynes Real Estate, Inc.


Investment Insights

Based on property information with market context.

This multi-unit property, originally the Woodland Farms homestead, features a stand-alone 3-bedroom, 1-bath home with a full basement (Unit 6) and five additional rental units. Units 1 through 3 have full basements, while Units 4 and 5 offer single-floor living. Units 1 through 5 have been recently updated with paint, flooring, kitchens, and bathrooms. Each unit has separate heating and electric, with shared water expenses. All units include washer/dryer hookups, with Units 4 and 5 sharing a utility room. The property also includes four garage spaces with an attached enclosed office area, offering additional rental or storage opportunities. The original 38x175 dairy barn with loft features new metal siding and an updated roof. The property offers significant income potential for various uses, including storage, an event center, housing, or a recreational rental facility. The setting is peaceful, with views of the River Raisin in front and open farmland behind. There is direct access to the newly extended Heritage Bike Trail from the front of the property. This property is located in Frenchtown Township, Monroe, MI and offers an excellent owner-occupant or income investment opportunity.

Key Highlights

  • Significant income potential from six rental units plus garage/office space and large dairy barn.
  • Recently updated units with new paint, flooring, kitchens, and bathrooms.
  • Original 38x175 dairy barn with loft, featuring new metal siding and an updated roof, offering diverse usage possibilities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Building Supply Restaurant Law Firm Pharmacy Kitchen & Bath Showroom Plumbing Service Carpet & Flooring Store Accounting Firm Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Multi-unit property with income potential and updated units.
Where is this apartment building located?
The property is located at 3778 N Custer Rd Monroe, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Significant income potential from six rental units plus garage/office space and large dairy barn.; Recently updated units with new paint, flooring, kitchens, and bathrooms.; Original 38x175 dairy barn with loft, featuring new metal siding and an updated roof, offering diverse usage possibilities.
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