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Key Details
Sold Price $640,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Muskegon City
MLS Listing ID 20049091
Sold Date 06/14/21
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1929
Annual Tax Amount $10,503
Tax Year 2019
Lot Size 5,663 Sqft
Acres 0.13
Lot Dimensions 47x124
Property Description
Check out the double digit cashflow on this 8 unit package professionally managed and maintained by Lighthouse Property Management. All of the heavy lifting has been done, which makes this a perfect package for any investor. These single family homes are all occupied, city certified, and in desirable Muskegon locations that bring in $7,025/month in rent (with room to grow!). Each of these properties are in solid condition and have had updates throughout the past few years. Buyer to verify all information. See attached pro forma for unit details and lease information. Seller reserves Generac home generator at 511 E Isabella.
Location
State MI
County Muskegon
Area Muskegon County - M
Direction Southern to Franklin, then south to Forest, east to property
Rooms
Basement Full, Partial
Interior
Heating Forced Air, Natural Gas
Fireplaces Number 8
Exterior
View Y/N No
Roof Type Composition
Total Parking Spaces 16
Building
Sewer Public Sewer
Structure Type Aluminum Siding, Wood Siding, Vinyl Siding
New Construction No
Schools
School District Muskegon
Others
Tax ID 6124205490000610
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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