111 E Grand Avenue, Muskegon, MI 49442

About this property

Well maintained 3 unit property offering a turn-key income producing opportunity for the new owner. All 3 units are occupied with a total monthly income of $2700, Annual income of $32,400. This property offers a main floor 3 bedroom unit with access to the basement for laundry and storage renting for $1200/mo. 2 upper level units with 1 bedroom each renting for $750/mo each. New roof 3 years ago, fresh exterior paint 4 years ago, new boiler 5 years ago. Various cosmetic upgrades throughout all units. Owner pays gas, water, and trash. Tenants pay electric. Great opportunity to earn passive income for a seasoned or new investor! Photos used in listing were taken after each unit refresh. All units are occupied with tenants in leases. To limit tenant disruptions, seller requests showings with 48 hour notice, to qualified buyers only. Buyer to verify all information.

Property details

MLS #

26046086

Status

Active

Property type

Multi Family

Sub type

2 to 4 Units

County

Muskegon

Township

Muskegon City

Year built

1940

Lot size

0.25 ac

Waterfront

No

Virtual tour

View the virtual tour

Interior

Heating

Hot Water, Radiant

Basement

Full

Laundry

In Basement

Exterior

Construction

Wood Siding

Roof

Composition

Parking

Parking

Gravel

Lot and water

Lot size

10,977 sq ft

Lot features

Corner Lot

Road surface

Paved

Utilities

Water source

Public Water

Utilities

Cable Connected, Natural Gas Connected, Electricity Connected

Taxes

Annual taxes

$2,905

Tax year

2025

Schools

School district

Muskegon

More

New construction

No

Directions

Peck st to Grand to home.