Last Updated: 10/23/2016 11:51 AM
Description for 1145 3rd Street Muskegon, MI 49441
A great income opportunity in the ever growing, downtown Muskegon area! A total of 7 units, 2 storefront units with 5 upper apartments (four 1 bedroom units & 1 studio). New roof in 2003, new $12,000 boiler in 2007 and new 40 gallon water heater in 2007. Wide hall way with 2 exits solid brick building with a full basement. Stairways from apartments. All Utilities included. Contract terms are $30,000 down, 6% interest for 15 years at $710 per month. Buyer to verify all information. 48 hour minimum due to tenants. Taxes and sizes to be verified. Annual expenses for new buyer are estimated to be: Contract Payment ($8520), maintenance ($2412), Utilities ($12,750), Taxes ($2990),Insurance ($1402) This projects an estimated annual net of $8,489. Incomes: unit 1 - $350, unit 2 - $425, unit 3 - $4
Public Sewer, Storm Sewer
Cable TV, Electric, Natural Gas, Telephone
Gas Heat, Steam, Radiant
Exterior / Lot Features
42 x 130
Paved Road, Acreage
Seaway Drive to 3rd Street, south to property. Located at corner of 3rd and Monroe.
Listing Price History
Muskegon Real Estate
Muskegon is located in Michigan. Muskegon, Michigan 49441 has a population of 38,061.
The median household income in Muskegon, Michigan 49441 is $25,480. The median household income for the surrounding county is $40,843 compared to the national median of $53,046. The median age of people living in Muskegon 49441 is 35.4 years.
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