Properties for sale in Michigan

Overview

Description

This beautiful historic flagship home has been renovated from the studs in to create a wonderful 5 unit investment property that is turn key and ready to produce income! This property has a short term rental certificate from the City. No expense was spared in turning this property into what it is today. From the moment you pull up charm and historical beauty abound. The exterior is beautifully landscaped and is also equipped with in-ground sprinkling for the yard and plant beds. Additional exterior notes are new roof, new windows (other than a few windows in unit 2), and professionally restored and painted siding. The charm continues when walking up the stairs to the large wrap around front porch.

Supplements: Head inside and you are greeted with a beautiful common space with original hard wood floors as well as the stairway with original stair post with wonderful detail. Each unit has all new vinyl plank flooring, quartz counter tops, tile back splash, plenty of lighting, and stainless steal appliances. Units 1 and 2 have their own in unit laundry. Unit ... (Read more)

Location Property Info

County: Muskegon
Street #: 1164
Street Name: Terrace
Suffix: Street
State: MI
Zip Code: 49442

General Property Info

Lot Measurement: Acres
Lot Square Footage: 17424
Lot Acres: 0.4
Lot Dimensions: 132 x 132
Year Built: 1906
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Road Frontage: 264
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 4603
Total Parking Spaces: 5
Waterfront: No
School District: Muskegon
Basement: Yes

Tax Info

Tax ID #: 24-205-230-0003-00
Taxable Value: 117685
SEV: 366800
For Tax Year: 2023
Seller's Annual Property Tax: 7064
Tax Year: 2026
Spec Assessment & Ty: none known
Zoning: R-3
Homestead %: 0

Remarks Misc

Directions: Apple to Terrace, South to Home

Waterfront Options

Water Access Y/N: No

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: lower left
SqFt: 808
Occupied: Yes
Monthly Rent: 1565
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes
Dishwasher: Yes
Range Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes
Washer/Dryer: Yes

Unit 2

Unit #: 2
Unit Description: Lower Right
SqFt: 665
Occupied: No
Monthly Rent: 1500
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes
Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes
Washer/Dryer: Yes

Unit 3

Unit #: 3
Unit Description: Second Right
SqFt: 712
Occupied: Yes
Monthly Rent: 1500
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
A/C Unit: Yes
Central Air: Yes
Deck/Patio: Yes
Dishwasher: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

Unit 4

Unit #: 4
Unit Description: Second Left
SqFt: 720
Occupied: Yes
Monthly Rent: 1250
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes
Deck/Patio: Yes
Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

Unit 5

Unit #: 5
Unit Description: 3rd Floor
SqFt: 1146
Occupied: Yes
Monthly Rent: 1500
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes
Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
Washer/Dryer: Yes

Location & Property Info

Cross Streets: Delaware and Terrace
Property Sub-Type: 5+ Units
Municipality: Muskegon City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 162.94

Remarks & Misc

Public Remarks: This beautiful historic flagship home has been renovated from the studs in to create a wonderful 5 unit investment property that is turn key and ready to produce income! This property has a short term rental certificate from the City. No expense was spared in turning this property into what it is today. From the moment you pull up charm and historical beauty abound. The exterior is beautifully landscaped and is also equipped with in-ground sprinkling for the yard and plant beds. Additional exterior notes are new roof, new windows (other than a few windows in unit 2), and professionally restored and painted siding. The charm continues when walking up the stairs to the large wrap around front porch.
Legal: CITY OF MUSKEGON REVISED PLAT OF 1903 LOTS 3-4 BLK 230 SUBJ TO ELECTRIC ESMT L/P 4304/252

Lot Description

Corner Lot: Yes
Flag Lot: Yes

Street Type

Paved: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Public Sewer: Yes
Public Water: Yes
Storm Sewer: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Laundry Features

Common Area: Yes
In Unit: Yes

Exterior Material

Wood Siding: Yes

Roofing

Composition: Yes

Heat Source

Electric: Yes

Sale Conditions

None: Yes

Heat Type

Wall Furnace: Yes

Air Conditioning

Mini-Split: Yes

Tenant Pays

Electric: Yes
None: Yes

Driveway

Concrete: Yes

Substructure

Daylight: Yes
Full: Yes

Extras

Laundry Facility: Yes

Owner Pays

Water: Yes

Possession

Subject To Tenant Rights: Yes

Property Features

Laundry Features: Common Area; In Unit Exterior Material: Wood Siding Roofing: Composition Substructure: Daylight; Full Lot Description: Corner Lot; Flag Lot Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Laundry Facility Owner Pays: Water Tenant Pays: Electric; None Heat Source: Electric Heat Type: Wall Furnace Air Conditioning: Mini-Split Driveway: Concrete Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: A/C Unit; Central Air; Dishwasher; Range Oven; Refrigerator; Sep. Heat System; W/D Hookup; Washer/Dryer Unit 2: A/C Unit; Central Air; Dishwasher; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup; Washer/Dryer Unit 3: Range/Oven; A/C Unit; Central Air; Deck/Patio; Dishwasher; Refrigerator; Sep. Heat System; Washer/Dryer Unit 4: A/C Unit; Central Air; Deck/Patio; Dishwasher; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 5: A/C Unit; Central Air; Dishwasher; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer

1164 Terrace Street, Muskegon, MI 49442