1164 Terrace Street, Muskegon, MI 49442

About this property

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 details

MLS #

26045247

Status

Active

Property type

Multi Family

Sub type

Multi Family

County

Muskegon

Township

Muskegon City

Year built

1906

Lot size

0.4 ac

Waterfront

No

Interior

Heating

Wall Furnace

Cooling

Mini-Split

Basement

Daylight, Full

Laundry

Common Area, In Unit

Exterior

Construction

Wood Siding

Roof

Composition

Parking

Parking

Concrete

Lot and water

Lot size

17,424 sq ft

Lot features

Corner Lot, Flag Lot

Road surface

Paved

Zoning

R-3

Utilities

Sewer

Public Sewer

Water source

Public Water

Utilities

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

Taxes

Annual taxes

$7,064

Tax year

2026

Schools

School district

Muskegon

More

New construction

No

Directions

Apple to Terrace, South to Home