$160,000
Muskegon, MI 49444
MLS# 24060129
Status: Sold
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Property Description
Great investment opportunity! This 8-unit rental property in Muskegon Heights generates $3,200 in monthly rental income, with all residential units currently occupied, leaving both commercial store fronts available for even more potential income. The building includes four 1-bedroom, 1-bath units and two studio apartments, offering a solid rental history and potential for future expansion. Located in a special use district, the double-storefront brick building provides endless possibilities. Each unit has separate breaker services, with optional separate gas meters for flexibility. Upper apartments feature hardwood floors, kitchens, and kitchenettes. With its solid structure and great location, this property is ready to continue producing income and grow your portfolio!
Details
Maps
Location Property Info
County: Muskegon
Street #: 167
Street Direction: W
Street Name: Broadway
Suffix: Avenue
State: MI
Zip Code: 49444
Area: Muskegon County - M
OfficeContract Info
Status: Sold
Current Price: $160,000
List Price: $174,900
Listing Date: 2024-11-19
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5009
Lot Acres: 0.12
Lot Dimensions: 50x100x50x100
Year Built: 1930
New Construction: No
Road Frontage: 50
Total # Units: 8
# of Diff Unit Floor Plans: 8
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 8382
Total Parking Spaces: 8
Waterfront: No
School District: Muskegon Hts
Tax Info
Tax ID #: 26-185-215-0001-00
Taxable Value: 18742
SEV: 19000
For Tax Year: 2024
Seller's Annual Property Tax: 1341
Tax Year: 2023
Spec Assessment & Ty: None Known
Remarks Misc
Directions: Head north on US-31.
Take the Sherman Blvd exit toward Muskegon Heights.
Turn right onto E Sherman Blvd and continue for approximately 0.8 miles.
Turn left onto Baker St and continue for 0.3 miles.
Turn right onto W Broadway Ave.
Your destination will be on the left.
Status Change Info
Under Contract Date: 2024-12-11
Sold Date: 2024-12-27
Sold Price: $160,000
Sold Price/SqFt: 19.09
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: 1
SqFt: 897
Occupied: Yes
Monthly Rent: 600
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2 - Studio
SqFt: 869
Occupied: Yes
Monthly Rent: 400
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: 3 - Studio
SqFt: 488
Occupied: Yes
Monthly Rent: 400
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: 4
SqFt: 557
Occupied: Yes
Monthly Rent: 600
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: 5
SqFt: 935
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 6
Unit Description: 6
SqFt: 658
Occupied: Yes
Monthly Rent: 600
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 7
Unit #: 7
Unit Description: Store Front Left
SqFt: 1947
Occupied: No
Bathrooms: 1
Half Baths: 1
Unit 8
Unit #: 8
Unit Description: Store Front Right
SqFt: 2026
Occupied: No
Bathrooms: 1
Half Baths: 1
Property Features
Exterior Material: Brick
Roofing: Rubber
Substructure: Crawl Space; Slab
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer
Extras: Sep Electric Meter
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Hot Water
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Five Star Real Estate
Listing Agent: Ron Zok
Last Updated: January - 14 - 2026
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