1223 Terrace Street, Muskegon, MI 49442
- $375,000
- List Price
- $375,000
- Price Change
- ▼ $10,000 1785202201
- Days on Market
- 70
- MLS#
- 26024005
- Status
- ACTIVE
- 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.
Additional Information
- Owner Pays
- Gas
- Taxes
- $1
- Acres
- 0.20
- Basement
- Full
- Heating
- Hot Water
- Roofing
- Composition
- School District
- Muskegon
- Tenant Pays
- Electricity
- Total Parking Spaces
- 4
- Utilities
- Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Kevin Cole from Listing Office: Bellabay Realty LLC.
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