Courtesy of Real Estate West, Thomas Serio

111 E Grand Avenue, Muskegon, Michigan, 49442

$229,900
0.25 Acres
5 bd
3 ba
#26046086
Well maintained 3 unit property offering a turn-key income producing opportunity for the new owner. All 3 units are occupied with a total monthly income of $2700, Annual income of $32,400. This property offers a main floor 3 bedroom unit with access to the basement for laundry and storage renting for $1200/mo. 2 upper level units with 1 bedroom each renting for $750/mo each. New roof 3 years ago, fresh exterior paint 4 years ago, new boiler 5 years ago. Various cosmetic upgrades throughout all units. Owner pays gas, water, and trash. Tenants pay electric. Great opportunity to earn passive income for a seasoned or new investor! Photos used in listing were taken after each unit refresh. All units are occupied with tenants in leases. To limit tenant disruptions, seller requests showings with 48 hour notice, to qualified buyers only. Buyer to verify all information.

PROPERTY FEATURES

  • Utilities : Natural Gas Available, Natural Gas Connected, Electricity Connected, Cable Connected
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Driveway, Gravel
  • Parking Total: 4
  • Heating on Property:
  • Heating : Natural Gas, Hot Water, Radiant
  • Construction Materials: Wood Siding
  • Roof: Composition
  • Road Surface Type: Paved
  • Basement Description : Full
  • Basement on Property:
  • Laundry Features : In Basement
PROPERTY DETAILS
ID: 26046086
Status: Active
Price: $229,900
Acres: 0.25 Acres
Price Per Acre: $919,600
Type: Multi-family
Address: 111 E Grand Avenue
City, State: Muskegon, Michigan
County: Muskegon
Zip Code: 49442
Lat/Long: 43.225162, -86.241509
Presented By: Thomas Serio
Phone:
Email: Click to Contact