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$360,000

1223 Terrace Street, Muskegon City Muskegon Michigan, 49442

Built in1899
Property typeMulti-family

Overview

Active

Updated 2 weeks ago

Large 4-unit investment property at 1223 Terrace St, Muskegon, in an excellent location near downtown and surrounded by ongoing neighborhood revitalization.Situated in the historic McLaughlin District, a well-established neighborhood known for its historic character and proximity to downtown Muskegon. Excellent cash-flow opportunity for investors or owner-occupants. Photos available. Serious inquiries only.Current rents:Unit A - $1,000/month (large 1BR/1BA), currently vacant for easy showingsUnit B - $1,200/month (3BR/2BA)Unit C - $900/month (2BR/1BA)Unit D - $850/month (1BR/1BA)All rents offer potential for future increases. Long-term, reliable tenants with a strong payment history.Recent improvements include full remodeling of all units between 2021 and 2024, a new roof in 2022, and a new boiler in 2023.

$2,395/mo

Est. mortgage payment based on a $360,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$1
Tax Frequency
Annually
Garage
Yes

 

Courtesy of Bellabay Realty LLC

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Data last updated 6:40 PM UTC, 9/23/2026

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