1148 Terrace Street

Muskegon, Michigan 49442

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.2
    Acre(Lot)
$234,900

Description

Want to own an existing income producing property? this great investment opportunity is an already established mulit-room home that is currently being operating as an adult foster care home. this home currently rents out for $2,100 per month. with a current lease that is good until 12/22/2027. some recent updates include a new roof put on within the last month. the deck has recently been power-washed & restained. a new garage door just put in. the seller is still working on some more updates including and new roof on the garage and some fascia repair on the outside. seller is willing to give a $5,000 credit towards any and all repairs at close.

  • Property Type

    Multifamily

  • County

    Muskegon

  • Style

    Multifamily

  • AD ID

    47411742

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Property Details

  • Interior Features

    • Laundry Facility
    • Roof : Composition

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1800
    • Total Units: 5
    • Roof: Composition

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.20
    • Dimensions: 66 X 132

    Property Information

    • Financing: Cash,Conventional,FHA,VA

  • Listing Price Information

    • Original List Price: $244,900

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: City of Muskegon revised plat of 1903 Kit 2 Blk 230.

  • Tax Information

    • Annual Tax: $2,722
    • Parcel Number: 6124205230000200

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: City of Muskegon revised plat of 1903 Kit 2 Blk 230.

  • Parking Information

    • Parking: 2

    Multi-Unit Information

    • Road Frontage: Paved,Pub. Sidewalk

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 06/01/2025 @ 07:28

  • MLS: 617180676
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 0 bedrooms which is recently sold, it has 0 sqft, 0 sized lot, and Paved parking. are nearby neighborhoods.