1724 Custer StMonroe, MI 48161

Property Details for 1724 Custer St

Year built

1919

Lot size

0.33 AC

Property size (Sq ft)

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.

Location Insight

City

Monroe

County

Monroe

State

Michigan

Latitude

41.9207

Longitude

-83.4213

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