Courtesy of Five Star Real Estate (Grandv), Andrew Straub

1164 Terrace Street, Muskegon, Michigan, 49442

$700,000
0.40 Acres
5 bd
#26045247
This beautiful historic flagship home has been renovated from the studs in to create a wonderful 5 unit investment property that is turn key and ready to produce income! This property has a short term rental certificate from the City. No expense was spared in turning this property into what it is today. From the moment you pull up charm and historical beauty abound. The exterior is beautifully landscaped and is also equipped with in-ground sprinkling for the yard and plant beds. Additional exterior notes are new roof, new windows (other than a few windows in unit 2), and professionally restored and painted siding. The charm continues when walking up the stairs to the large wrap around front porch. Head inside and you are greeted with a beautiful common space with original hard wood floors as well as the stairway with original stair post with wonderful detail. Each unit has all new vinyl plank flooring, quartz counter tops, tile back splash, plenty of lighting, and stainless steal appliances. Units 1 and 2 have their own in unit laundry. Units 3,4,and 5 share the laundry on the second level common space. Units are heated and cooled using mini split systems that control the temperature in each room using only electricity. All units have also been furnished and stocked with everything needed to operate as a short term rental. This property would make a wonderful short term rental or high end rental property. Other notable details are that the floors have been leveled using gypcrete which makes sure there is zero sloping but also improves fire rating as well as reduces floor noise. All new electrical, plumbing, insulation and HVAC. There is a fire suppression system as well. Also ring flood light cameras cover all 4 corners of the house giving 360 degree sight and sound 24/7. The exterior also has new concrete with plenty of parking. This is a great opportunity to own a beautiful landmark property in the growing Muskegon market. Listing agent is the owner.

PROPERTY FEATURES

  • Utilities : Natural Gas Available, Phone Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Sewer Available, Water Available
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Concrete, Driveway
  • Parking Total: 5
  • Zoning Description : R-3
  • Heating on Property:
  • Heating : Wall Furnace, Electric
  • Construction Materials: Wood Siding
  • Roof: Composition
  • Road Surface Type: Paved
  • Basement Description : Daylight, Full
  • Basement on Property:
  • Laundry Features : Laundry Room, Common Area, In Unit
PROPERTY DETAILS
ID: 26045247
Status: Active
Price: $700,000
Acres: 0.40 Acres
Price Per Acre: $1,750,000
Type: Multi-family
Address: 1164 Terrace Street
City, State: Muskegon, Michigan
County: Muskegon
Zip Code: 49442
Lat/Long: 43.231417, -86.241488
Presented By: Andrew Straub
Phone:
Email: Click to Contact