$170,000
Muskegon, MI 49442
MLS# 24059432
Status: Sold
5 beds | 2 baths | 2380 sqft
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Property Description
Want to own an existing income producing property? This great investment opportunity is an already established mulit-room home that is currently being operating as an Adult Foster Care Home. This home currently rents out for $2,100 per month. With a current lease that is good until 12/22/2027. Some recent updates include a new roof put on within the last month. The deck has recently been power-washed & restained. A new garage door just put in. The seller is still working on some more updates including and new roof on the garage and some fascia repair on the outside. Seller is willing to give a $5,000 credit towards any and all repairs at close.
Details
Maps
Location & Property Info
Cross Streets: Diana & Delware
Property Sub-Type: Single Family Residence
Area: Muskegon County - M
Municipality: Muskegon City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 98.7
General Property Info
New Construction: No
Lot Dimensions: 66 x 132
Road Frontage: 66
Garage Y/N: Yes
Garage Spaces: 1
Fireplace: Yes
Total Fireplaces: 1
Waterfront: No
Income Property: Yes
Basement: Yes
Total Rooms AG: 5
Total Fin SqFt All Levels: 2380
SqFt Above Grade: 2380
Total Beds Above Grade: 4
Main Level Primary: No
Stories: 2
School District: Muskegon
Lot Measurement: Acres
Lot Acres: 0.2
Lot Square Footage: 8712
Year Built: 1800
Total Bedrooms: 5
Full Baths: 2
Total Baths: 2
Tax Info
Taxable Value: 47610
SEV: 79200
For Tax Year: 2024
Seller's Annual Property Tax: 2722
Tax Year: 2023
Homestead %: 0
Spec Assessment & Type: NONE Known
Zoning: RM-1
Tax ID #: 6124205230000200
Remarks & Misc
Public Remarks: Want to own an existing income producing property? This great investment opportunity is an already established mulit-room home that is currently being operating as an Adult Foster Care Home. This home currently rents out for $2,100 per month. With a current lease that is good until 12/22/2027. Some recent updates include a new roof put on within the last month. The deck has recently been power-washed & restained. A new garage door just put in. The seller is still working on some more updates including and new roof on the garage and some fascia repair on the outside. Seller is willing to give a $5,000 credit towards any and all repairs at close.
Legal: City of Muskegon revised plat of 1903 Kit 2 Blk 230.
Status Change Info
Sold Price/SqFt: 71.43
Under Contract Date: 2025-03-25
Sold Date: 2025-05-02
Sold Price: $170,000
Waterfront Options
Water Access Y/N: No
Lot Description
Sidewalk: 1
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Laundry Features
In Basement: 1
Exterior Material
Aluminum Siding: 1
Roofing
Composition: 1
Parking Features
Detached: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: Yes
Accessibility Feat
Ramped Entrance: 1
Upper Rooms
Upper Bedrooms: 4
Upper Full Baths: 1
Upper Level Square Feet: 1200
Total Baths Above Grade: 2
Main Rooms
Main Full Baths: 1
Main Level SQFT: 1180
Lower Rooms
Lower Finished SQFT: 0
Total Lower SQFT: 0
Basement Rooms
Basement Bedrooms: 1
Basement Finished SQFT: 0
Total Basement SQFT: 900
Manufactured
Manufactured Y/N: No
Driveway
Concrete: 1
Substructure
Full: 1
Windows
Replacement: 1
Fireplace
Living Room: 1
Patio and Porch Features
Porch(es): 1
Deck: 1
Architectural Style
Traditional: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Muskegon
Street #: 1148
Street Name: Terrace
Suffix: Street
State: MI
Zip Code: 49442
OfficeContract Info
Status: Sold
List Price: $234,900
Current Price: $170,000
Listing Date: 2024-10-23
Remarks Misc
Directions: US 31 to Apple Ave W to Peck E to Delaweare N to Terrace W to address.
Property Features
Accessibility Feat: Ramped Entrance
Laundry Features: In Basement
Exterior Material: Aluminum Siding
Roofing: Composition
Windows: Replacement
Substructure: Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public
Utilities Attached: Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available
Fireplace: Living Room
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Wall Unit(s)
Patio and Porch Features: Deck; Porch(es)
Parking Features: Detached
Architectural Style: Traditional
Driveway: Concrete
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Subject To Tenant Rights
Sale Conditions: None
Listing Office: Key Realty
Listing Agent: Lily Force
Last Updated: March - 11 - 2026
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