$ 174,900
167 W Broadway Avenue Muskegon, MI 49444
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$ 174,900
Est. payment | /mo
8,382 SqFt
$ 174,900
Est. payment | /mo
8,382 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,382 sqft
Price per Sqft $20
Subdivision Mi
MLS Listing ID 70442573
Year Built 1930
Annual Tax Amount $1,341
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50x100x50x100
Property Description
Great investment opportunity! This 8-unit rental property in Muskegon Heights generates $3,200 in monthly rental income, with all residential units currently occupied, leaving both commercial store fronts available for even more potential income. The building includes four 1-bedroom, 1-bath units and two studio apartments, offering a solid rental history and potential for future expansion. Located in a special use district, the double-storefront brick building provides endless possibilities. Each unit has separate breaker services, with optional separate gas meters for flexibility. Upper apartments feature hardwood floors, kitchens, and kitchenettes. With its solid structure and great location, this property is ready to continue producing income and grow your portfolio!
Location
State MI
County Muskegon
Area Muskegon Heights (61024)
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Waterfront No
Building
Foundation Crawl, Slab
Water Public Water
Structure Type Brick
Schools
School District Other
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Five Star Real Estate
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