Laura VeersmaBig Rapids Realty, REALTOR®

231-598-1519

1223 Terrace Street, Muskegon, MI 49442

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$400,000
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  • Bedrooms  
  • Bathrooms  
  • SQ. FT.  
  • Schools Muskegon
  • County Muskegon
  • Township Muskegon City
  • Above Grade Sq. Ft.  
  • Below Grade Sq. Ft.  
  • Bedrooms  
  • Bathrooms  
  • Basement Full
  • Garage  
  • Acreage 0.2
  • Heat Type Hot Water
  • Central Air  
  • Year Built 1899
  • Style  
  • Exterior  
  • Taxes  
  • SEV 85800
  • Zoning RM-1
  • Parcel 24-205-243-0010-00
  • Lot Size 66x132

Features

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.

Listing Courtesy of Kevin Cole - Bellabay Realty LLC

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