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    FOR SALE
    Apartment buildings

    3778 N Custer Rd Monroe, MI 48162

    Built 1917
    Property ID
    US43-0551114
    3778 N Custer Rd, Monroe, MI 48162 For Sale 1 / 28
    $599,000
    3778 N Custer Rd, Monroe, MI 48162
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    Property summary
    AI-generated overview

    Unique opportunity to own a piece of Monroe history-the original Woodland Farms homestead! This multi-unit property features a stand-alone 3 bedroom, 1 bath home with full basement (Unit 6) plus five additional rental units. Units 1"“3 offer full basements, while Units 4 & 5 provide convenient single-floor living. Units 1"“5 have been recently updated with paint, flooring, kitchens, and bathrooms. Separate heating and electric for all units with shared water expenses. All units include washer/dryer hook ups with Units 4 & 5 sharing a utility room. Property also includes four garage spaces with an attached enclosed office area for additional rental or storage opportunities. The original 38x175 dairy barn with loft features new metal siding and an updated roof. Significant income potential awaits your imagination: storage, event center, housing or possible recreational rental facility. Peaceful setting with views of the River Raisin in front and open farmland behind. Direct access to the newly extended Heritage Bike Trail from the front of the property. Excellent owner-occupant or income investment opportunity. bikeScore: 25, Somewhat Bikeable walkScore: 0, Car-Dependent

    Property profile
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    Property type Apartment buildings
    Year built 1917
    UPID US43-0551114
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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    3778 N Custer Rd, Monroe, MI, 48162
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