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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1164 Terrace St , Muskegon, MI 49442
$750,000
Est. Payment: $1,666.67/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 8
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House 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. 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. Units 3,4,and 5 share the laundry on the second level common space. Units are heated and cooled using mini split systems that control the temperature in each room using only electricity. All units have also been furnished and stocked with everything needed to operate as a short term rental. This property would make a wonderful short term rental or high end rental property. Other notable details are that the floors have been leveled using gypcrete which makes sure there is zero sloping but also improves fire rating as well as reduces floor noise. All new electrical, plumbing, insulation and HVAC. There is a fire suppression system as well. Also ring flood light cameras cover all 4 corners of the house giving 360 degree sight and sound 24/7. The exterior also has new concrete with plenty of parking. This is a great opportunity to own a beautiful landmark property in the growing Muskegon market. Listing agent is the owner.

Highlights

Listed by Andrew J Straub , 616-322-7659 and Paul Straub , 616-490-0945 Five Star Real Estate (Grandv) , 616-257-1500.

Property Type

Multi-Family

Lot/Acreage
0.4

Year Built

1906

County

Muskegon

School District

Muskegon

Listing ID

26045247

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Daylight,Full

Exterior Features

Lot:Flag Lot,Corner Lot
Garage Capacity:5
Roof:Composition
Sewer:Public Sewer
Parking Features:Concrete,Driveway
Principal Interest
$1,667
Taxes
$589

Home Price

$750,000

Loan Details

30 yrs
%

Down Payment

20%
$150,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,666.67 $588.67 $0.00 $2,255.33
Yearly $20,000.00 $7,064.00 $0.00 $27,064.00
Total $600,000.00 $211,920.00 $0.00 $811,920.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Muskegon, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.