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1541 Terrace Street Muskegon, MI 49442-5082
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Key Details
Sold Price $223,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70489393
Sold Date 09/26/25
Year Built 1939
Annual Tax Amount $1,679
Tax Year 2024
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 124x131x124x131
Property Sub-Type Multi-Family
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 (61023)
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Muskegon Public Schools
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,FHA,VA
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Five Star Real Estate-W Norton
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