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381 Houston Avenue Muskegon, MI 49441
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Key Details
Sold Price $160,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 71018000956
Sold Date 04/16/18
Bedrooms 1
Year Built 1940
Annual Tax Amount $3,600
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 66x132
Source West Michigan Lakeshore Association of REALTORS
Property Description
Great Income Property Currently being utilized as a 16 bed Adult Foster Care Home. Tenant has a triple net lease in place through 2021 at $2,600 per month ($2,200 rent / $400 property taxes). Home is equipped with fire alarms and sprinkler systems. Renter pays everything including taxes, insurance, maintenance and repairs.The home features seven bedrooms 2 full and 3 partial baths. There is also a 3 bedroom one bath staff apartment. Instant cash flow. This is a rare opportunity. Home is located in midtown, close to Hackley Park and near downtown and the LC Walker arena and Frauenthal Theater.
Location
State MI
County Muskegon
Area Muskegon
Direction Muskegon Ave to 6th Street to Houston Ave to home
Interior
Interior Features Cable Available
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Accessibility Accessible Doors, Accessible Entrance, Accessible Hallway(s), Other AccessibilityFeatures
Garage no
Building
Sewer Sewer-Sanitary, Sewer at Street, Storm Drain
Water Water at Street, Municipal Water
Structure Type Block/Concrete/Masonry
Schools
School District Muskegon
Others
Pets Allowed Yes
Tax ID 24205369000200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Medendorp Real Estate Group