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$150,000
Est. payment /mo
6,534 Sqft Lot
UPDATED:
12/09/2024 07:11 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70437810
Year Built 1900
Annual Tax Amount $762
Tax Year 2023
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x135x50x135
Property Description
Desirable City of Muskegon rental property, fully certified and currently generating over $2,100/month in rental income. With long-term, Section 8 tenants providing guaranteed, government-backed income, this investment offers reliable cash flow. Recent updates include a new roof and freshly painted exterior, minimizing maintenance concerns. Priced at $149,900, it's an ideal opportunity for first-time investors or those looking to expand their portfolio. This property would be perfect for a DSCR loan product, that is based solely off rental income and requires only 20% down.
Location
State MI
County Muskegon
Area Muskegon (61023)
Interior
Heating Forced Air, Space Heater
Building
Foundation Slab
Water Public Water
Schools
School District Muskegon Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
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Listed by Five Star Real Estate-W Norton