1223 Terrace Street, Muskegon, MI 49442

About this property

Large 4-unit investment property at 1223 Terrace St, Muskegon, in an excellent location near downtown and surrounded by ongoing neighborhood revitalization.Situated in the historic McLaughlin District, a well-established neighborhood known for its historic character and proximity to downtown Muskegon. Excellent cash-flow opportunity for investors or owner-occupants. Photos available. Serious inquiries only.

Current rents:Unit A - $1,000/month (large 1BR/1BA), currently vacant for easy showingsUnit B - $1,200/month (3BR/2BA)Unit C - $900/month (2BR/1BA)Unit D - $850/month (1BR/1BA)

All rents offer potential for future increases. Long-term, reliable tenants with a strong payment history.

Recent improvements include full remodeling of all units between 2021 and 2024, a new roof in 2022, and a new boiler in 2023.

Property details

MLS #

26024005

Status

Active

Property type

Multi Family

Sub type

2 to 4 Units

County

Muskegon

Township

Muskegon City

Year built

1899

Lot size

0.2 ac

Waterfront

No

Interior

Heating

Hot Water

Basement

Full

Exterior

Construction

Wood Siding

Roof

Composition

Parking

Parking

Paved

Lot and water

Lot size

8,712 sq ft

Road surface

Paved

Zoning

RM-1

Utilities

Water source

Public Water

Utilities

Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available

Taxes

Annual taxes

$1

Tax year

2025

Schools

School district

Muskegon

More

New construction

No