For more information regarding the value of a property, please contact us for a free consultation.
1541 Terrace Street Muskegon, MI 49442
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 71025042738
Sold Date 09/26/25
Bedrooms 2
Year Built 1939
Annual Tax Amount $1,679
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 124x131x124x131
Source West Michigan Lakeshore Association of REALTORS®
Property Description
Investor Special - Updated Duplex with Strong Rental Income!Discover this refreshed duplex on a double lot in Muskegon, offering excellent investment potential. Both units are currently occupied, generating $2,345/month in rental income. The front 2-level unit includes a basement, while the back unit is a convenient ranch-style layout. Recent updates include new flooring, fresh finishes, and a new deck on the front/side. Property features fenced sides and back, adding privacy and functionality.Rental terms: one unit is under a yearly lease (renewed in June) and the other operates on a month-to-month basis, providing both stability and flexibility for investors
Location
State MI
County Muskegon
Area Muskegon
Zoning Residential
Direction From US-31 N, take the E Laketon Ave exit.Turn right (east) onto E Laketon Ave.Continue on E Laketon for about 1.5 miles.Turn left onto Peck Street.Go about 0.3 miles, then turn right onto Terrace Street.Drive about 0.6 miles -- 1541 Terrace Street will be on your right.
Interior
Interior Features Cable Available
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Roof Type Composition
Road Frontage Paved
Garage no
Private Pool No
Building
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Muskegon
Others
Pets Allowed Yes
Tax ID 24205281001400
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Read Less
©2025 Realcomp II Ltd. Shareholders
Bought with Five Star Real Estate-W Norton
GET MORE INFORMATION
