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$95,000

1145 3rd Street

Muskegon, Michigan 49441
Closed / MLS #14025573 / Retail Store / Muskegon
Listing information updated 11/26/2022 at 10:22pm
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 40, unit 4 - $460, unit 5 (studio) - $425, Store 1 - $450, Store 2 - $500. (For more information on Down Town Muskegon and Main street projects go to www.downtownmuskegon.org

Full Features

Lot Size:
5227
Acreage:
0.12
Built:
1930
Zoning:
B-2
Current Net Income:
$8,489

Taxes & Assessments

Tax Amount:
$2,990
Tax Year:
2012

Location

Zip Code:
49441
City:
Muskegon
County:
Muskegon

Listing Office: Homeflex Realty, Inc

Listing Office Phone: 231.780.7811

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of SWMRIC, LLC. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.

Muskegon, MI

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, boating and other recreational water activities....
$218,951
Average Sale Price
41
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1145 3rd Street, Muskegon, MI 49441

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1145 3rd Street is a retail store which sold for $95,000. This retail store has been listed on @properties since January 18th, 2014 and was built in 1930.

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