1145 3rd Street

Muskegon, Michigan 49441

John D'Ambrogio

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Square Footage

Property Type
Retail Store

A great income opportunity in the ever growing, downtown Muskegon area! A total of 7 units, 2 storefront units with 5 upper apartments (four 1 bedroom units & 1 studio). New roof in 2003, new $12,000 boiler in 2007 and new 40 gallon water heater in 2007. Wide hall way with 2 exits solid brick building with a full basement. Stairways from apartments. All Utilities included. Contract terms are $30,000 down, 6% interest for 15 years at $710 per month. Buyer to verify all information. 48 hour minimum due to tenants. Taxes and sizes to be verified. Annual expenses for new buyer are estimated to be: Contract Payment ($8520), maintenance ($2412), Utilities ($12,750), Taxes ($2990),Insurance ($1402) This projects an estimated annual net of $8,489. Incomes: unit 1 - $350, unit 2 - $425, unit 3 - $4

Full Features
Lot Size: 0.12 acres - 5,227 square feet
Built: 1930
Parking Spaces: 8
Stories: 2.00
Roof: Rubber
Potential Use: Bar/Tavern/Lounge, Distribution, Other, Professional Service, Professional/Office, Restaurant, Retail
Freight Elevators: 1
Zoning: B-2
Additional Information: Barrier Free
Rentable Square Feet: 2,856
Retail Square Feet: 2,856
Current Net Income: $8,489

Taxes & Assessments
Taxes: $2,990

Listing Office: Homeflex Realty, Inc

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The Michigan City of Muskegon is the most populous city along the eastern side of Lake Michigan. It is located in Muskegon County and has an overall population of nearly 40,000. The city is a popular destination for swimming, sailing,…

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1145 3rd Street Muskegon, Michigan 49441 is a retail store property, which sold for $95,000. Want to learn more about 1145 3rd Street Muskegon, Michigan 49441? Contact an @properties agent to request more info.

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