49
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$260,000
Est. payment /mo
3,440 SqFt
Price Dropped by $15K
1607 Elwood Street Muskegon, MI 49442-5873
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,440 sqft
Price per Sqft $75
Subdivision Mi
MLS Listing ID 70542958
Year Built 1940
Annual Tax Amount $2,709
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40x124
Property Sub-Type Multi-Family
Property 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!
Location
State MI
County Muskegon
Area Muskegon (61023)
Zoning Residential
Interior
Heating Forced Air
Exterior
Exterior Feature Aluminum
Parking Features Additional Garage(s)
Building
Foundation Basement
Structure Type Aluminum
Schools
School District Muskegon Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Clear Realty Group
NEARBY SCHOOL & BUSINESS
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