For Sale
3042 S Custer Road, Monroe, MI 48161
$310,000
MLS # 50214766 (MiRealSource)
Built 99990.5 acres
1 / 21
Listing 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.
Source: SparkMLS
About this home
Located in Monroe Township in Monroe, this property offers 4-bath, with original construction dating to 9999.
Listed at $310,000.
Electric service is provided by DTE Electric Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeMulti Family
Bathrooms4
Lot Size0.5 acres
Year Built9999
Location
CityMonroe
MunicipalityMonroe Twp
Zip Code48161
CountyMonroe
Construction & Systems
HeatingForced Air
Sale & Financing
Listed7/13/2026
Terms AcceptedCash, Conventional, Land Contract
Source: SparkMLS
Tax Information
Parcel #12-220-038-00
Source: SparkMLS
Legal Description
CITY/MUNI/TWP:MONROE TWP MAP 77 .50 AC SUPERVISORS PLAT NO 1 LOT 12
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jennifer MacLeod
Wiens And Roth Real Estate - Lambertville
Frequently Asked Questions about 3042 S Custer Road, Monroe, MI 48161
Can I use FHA or VA financing for this property?
Per MLS# 50214766, the seller has indicated this property accepts the following financing types: Cash, Conventional, Land Contract. Financing acceptance is subject to change — confirm with the listing agent.
Is 3042 S Custer Road, Monroe, MI 48161 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 3042 S Custer Road, Monroe, MI 48161 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Michigan Gas Utilities Corporation. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Monroe County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$2,011
Principal & interest$2,011
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
3042 S Custer Road, Monroe, MI 48161
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Municipality
Monroe Township
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County
Monroe County
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