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Jim Blehm

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

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1607 Elwood St , Muskegon, MI 49442
$260,000
Est. Payment: $577.78/mo
0 Bed
0 Bath
0 Sqft
Status: Pending | Days on site: 55
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House Description

Turnkey, fully occupied 4-unit in an established Muskegon rental corridor -- professionally managed with strong, in-place cash flow. This solid quadplex offers 3,440 sq ft on a corner lot with a great unit mix: three 2-bedrooms and one 1-bedroom, generating $3,650 /mo. in total rent. A 3-year-old roof, brand-new high-efficiency furnace, and newer water heaters mean major systems are handled, keeping this a truly passive hold -- ideal for the portfolio builder or out-of-area investor. Functional layouts and abundant natural light keep the units easy to lease. Muskegon's rental market stays tight, with steady demand near schools, major employers, and the lakeshore. Complete rent roll and current leases are available in the docs section; additional financials available upon request. Fully leased, cash-flowing 4-units don't sit long -- schedule your private showing today!

Highlights

Listed by Tyler Johnson , 616-799-2903 Clear Realty Group , 616-799-2903.

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1940

County

Muskegon

School District

Muskegon

Listing ID

26033270

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Interior Features

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

Exterior Features

Lot:Corner Lot
Garage Capacity:6
Principal Interest
$578
Taxes
$226

Home Price

$260,000

Loan Details

30 yrs
%

Down Payment

20%
$52,000
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:
$577.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $577.78 $225.75 $0.00 $803.53
Yearly $6,933.33 $2,709.00 $0.00 $9,642.33
Total $208,000.00 $81,270.00 $0.00 $289,270.00

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.