1223 Terrace Street, Muskegon, MI 49442
1223 Terrace Street, Muskegon, MI 49442
1223 Terrace Street, Muskegon, MI 49442
1223 Terrace Street, Muskegon, MI 49442
1223 Terrace Street, Muskegon, MI 49442
1223 Terrace Street, Muskegon, MI 49442
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$ 400,000
Est. payment | /mo

8,712 Sqft Lot


Save
$ 400,000
Est. payment | /mo
Save

8,712 Sqft Lot

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 26024005

Year Built 1899

Annual Tax Amount $1

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 66x132

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

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

Rooms

Basement Full

Interior

Heating Hot Water

Exterior

Parking Features Paved

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 4

Building

Structure Type Wood Siding

New Construction No

Schools

School District Muskegon

Others

Tax ID 24-205-243-0010-00

Acceptable Financing VA Loan, FHA, Cash, Conventional

Listing Terms VA Loan, FHA, Cash, Conventional

Listed by Bellabay Realty LLC
Nearby Locations
Angela Hyde

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(616) 638-5939

angelahydehomes@gmail.com

108 E Savidge St, Spring Lake, MI, 49456, USA

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1223 Terrace Street