1164 Terrace Street, Muskegon, MI 49442
1164 Terrace Street, Muskegon, MI 49442
1164 Terrace Street, Muskegon, MI 49442
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$750,000
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0.4 Acres Lot
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1164 Terrace Street Muskegon, MI 49442

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Jonathan Stowers

Jonathan Stowers

+1(269) 675-0215

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Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Muskegon City

MLS Listing ID 26045247

Year Built 1906

Annual Tax Amount $7,064

Tax Year 2023

Lot Size 0.400 Acres

Acres 0.4

Lot Dimensions 132 x 132

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

Property 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. Please call with any questions. 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. Please call with any questions.

Location

State MI

County Muskegon

Direction Apple to Terrace, South to Home

Rooms

Basement Daylight, Full

Interior

Heating Wall Furnace

Laundry Common Area, In Unit

Exterior

Parking Features Concrete, Driveway

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 5

Building

Lot Description Flag Lot, Corner Lot

Sewer Public Sewer

Structure Type Wood Siding

New Construction No

Schools

School District Muskegon

Others

Tax ID 24-205-230-0003-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Five Star Real Estate (Grandv)

NEARBY SCHOOL & BUSINESS

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Jonathan Stowers

Jonathan Stowers

Agent License ID: 6501449876

+1(269) 675-0215

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1164 Terrace Street