1724 Custer St Monroe, MI 48161
- Industrial properties
- 1,800 SF
- 0.33 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 1724 Custer St
- Year built
- 1919
- Lot size
- 0.33 lot acres
- Property size
- 1,800 SF
- Property type
- Industrial properties
Description
This exceptional Monroe, MI investment property presents a compelling opportunity for passive income generation. Located at 1724 S Custer, this 1,800 square foot industrial building boasts three currently leased apartments, providing immediate cash flow. The property also includes a substantial office space, featuring four rooms, one and a half bathrooms, and a welcoming lobby. This versatile space offers significant potential for additional rental income or owner-occupancy. The property sits on a 0.33-acre lot and includes a large parking area with over ten spaces, ensuring ample parking for tenants and office occupants. The neighborhood is experiencing significant revitalization and shows strong signs of continued growth, making this a particularly attractive investment. Recently back on the market, the property now benefits from two new tenants, further solidifying its rental income stream. The asking price is $309,000. This property offers a rare blend of residential and commercial space, ideal for investors seeking a diversified portfolio and strong return on investment in a thriving community. The existing leases and recent tenant additions provide immediate income and a solid foundation for future growth. Don't miss this chance to acquire a well-positioned, income-producing asset in a revitalizing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Monroe
- State
- Michigan
- Longitude
- -83.4213
- Latitude
- 41.9207
