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$ 400,000
Est. payment | /mo
8,712 Sqft Lot
$ 400,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65026024005
Year Built 1899
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type MultiFamily
Property Description
Large 4-unit investment property at 1223 Terrace St, Muskegon, in an excellent location near downtown and surrounded by ongoing neighborhood revitalization.Situated in the historic McLaughlin District, a well-established neighborhood known for its historic character and proximity to downtown Muskegon. Excellent cash-flow opportunity for investors or owner-occupants. Photos available. Serious inquiries only.Current rents:Unit A - $1,000/month (large 1BR/1BA), currently vacant for easy showingsUnit B - $1,200/month (3BR/2BA)Unit C - $900/month (2BR/1BA)Unit D - $850/month (1BR/1BA)All rents offer potential for future increases. Long-term, reliable tenants with a strong payment history.Recent improvements include full remodeling of all units between 2021 and 2024, a new roof in 2022, and a new boiler in 2023.
Location
State MI
County Muskegon
Area Area61102Muskegon
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Fireplace No
Exterior
Parking Features Garage, Paved
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Muskegon
Others
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
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Listed by Kevin Cole of Bellabay Realty LLC