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Muskegon,MI 49442
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality Muskegon City
MLS Listing ID 24055363
Year Built 1900
Annual Tax Amount $762
Tax Year 2023
Lot Size 6,621 Sqft
Acres 0.15
Lot Dimensions 50x135x50x135
Property Description
Desirable City of Muskegon rental property, fully certified and currently generating over $2,100/month in rental income. With long-term, Section 8 tenants providing guaranteed, government-backed income, this investment offers reliable cash flow. Recent updates include a new roof and freshly painted exterior, minimizing maintenance concerns. Priced at $149,900, it's an ideal opportunity for first-time investors or those looking to expand their portfolio. This property would be perfect for a DSCR loan product, that is based solely off rental income and requires only 20% down.
Location
State MI
County Muskegon
Area Muskegon County - M
Direction Head north on US-31 N. Take the MI-46 exit toward Muskegon. Turn left onto MI-46 W/Apple Ave and continue west for about 2 miles. Turn left onto S Getty St and continue for about 0.5 miles. Turn right onto Fork St and continue for about 0.3 miles. Your destination will be on the left.
Rooms
Basement Slab
Interior
Heating Forced Air,Space Heater
Fireplaces Number 1
Exterior
Utilities Available Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Cable Connected,Water Available,Sewer Available
Waterfront No
View Y/N No
Total Parking Spaces 2
Building
Sewer Public Sewer
Structure Type Shingle Siding
New Construction No
Schools
School District Muskegon
Others
Tax ID 24-205-204-0009-00
Acceptable Financing VA Loan,MSHDA,FHA,Cash,Conventional
Listing Terms VA Loan,MSHDA,FHA,Cash,Conventional