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111 E Grand Ave

Muskegon MI 49442

0.25 ac.
Multi-Family
Currently for sale - view listing

Overview

Well maintained 3 unit property offering a turn-key income producing opportunity for the new owner. All 3 units are occupied with a total monthly income of $2700, Annual income of $32,400. This property offers a main floor 3 bedroom unit with access to the basement for laundry and storage renting for $1200/mo. 2 upper level units with 1 bedroom each renting for $750/mo each. New roof 3 years ago, fresh exterior paint 4 years ago, new boiler 5 years ago. Various cosmetic upgrades throughout all units. Owner pays gas, water, and trash. Tenants pay electric. Great opportunity to earn passive income for a seasoned or new investor! Photos used in listing were taken after each unit refresh. All units are occupied with tenants in leases. To limit tenant disruptions, seller requests showings with 48 hour notice, to qualified buyers only. Buyer to verify all information.

Features

0.25 ac. lot size
Multi-Family

Property history for 111 E Grand Ave

2020
Sold
$132,650
11 Dec 2020 by Thomas Serio, of Five Star Real Estate
2019
Sold
$50,000
04 Oct 2019

Happy sellers in Muskegon

87%
87% of sellers in Muskegon reported that their sale price either exceeded or met their price expectations.

Muskegon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Muskegon over the last 12 months.

Local market activity for multi families in Muskegon

In the last 12 months, 20 multi families similar to 111 E Grand Ave, have been sold.

This represents a 48% increase in multi families sales when compared to the previous 12 months.

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