$400,000
Muskegon, MI 49442
MLS# 26024005
1 / 66
Property Description
Large 4-unit investment at 1223 Terrace St, Muskegon -- near downtown in excellent location, seeing lots of renovation in the immediate area. Current rents: Unit A $1,000 large 1BR/1BA, currently vacant for easy showings, Unit B $1,200 (3BR/2BA), Unit C $900 (2BR/1BA), Unit D $850 (1BR/1BA) -- All rents could probably be increased. Long-term, on-time tenants. Recent updates: full remodel of all units between 2021 and 2024, new roof in 2022, new boiler in 2023.3. Great cash-flow property, ideal for an investor or owner-occupier. Photos available; serious inquiries only.
Details
Location & Property Info
Cross Streets: iona
Property Sub-Type: 2 to 4 Units
Municipality: Muskegon City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 66x132
Road Frontage: 198
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2029-05-21
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Muskegon
Lot Measurement: Acres
Lot Square Footage: 8712
Lot Acres: 0.2
Year Built: 1899
Tax Info
Taxable Value: 58649
SEV: 85800
For Tax Year: 2025
Seller's Annual Property Tax: 1
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None known
Zoning: RM-1
Tax ID #: 24-205-243-0010-00
Remarks & Misc
Public Remarks: Large 4-unit investment at 1223 Terrace St, Muskegon -- near downtown in excellent location, seeing lots of renovation in the immediate area.
Current rents:
Unit A $1,000 large 1BR/1BA, currently vacant for easy showings,
Unit B $1,200 (3BR/2BA),
Unit C $900 (2BR/1BA),
Unit D $850 (1BR/1BA)
-- All rents could probably be increased. Long-term, on-time tenants. Recent updates: full remodel of all units between 2021 and 2024, new roof in 2022, new boiler in 2023.3. Great cash-flow property, ideal for an investor or owner-occupier. Photos available; serious inquiries only.
Legal: CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 10 BLK 243
Waterfront Options
Water Access Y/N: No
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Hot Water: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Paved: 1
Substructure
Full: 1
Extras
Garages: 1
Sep Electric Meter: 1
Owner Pays
Gas: 1
Unit 1
Unit Description: Unit A
SqFt: 800
Occupied: No
Monthly Rent: 1000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Unit B
SqFt: 1300
Occupied: Yes
Monthly Rent: 1200
Bedrooms: 3
Bathrooms: 2
Full Baths: 2
Unit 3
Unit Description: Unit C
SqFt: 950
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: Unit D
SqFt: 800
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Muskegon
Street #: 1223
Street Name: Terrace
Suffix: Street
State: MI
Zip Code: 49442
Zip (4): 3458
OfficeContract Info
Status: Active
Current Price: $400,000
List Price: $400,000
Listing Date: 2026-05-21
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available
Extras: Garages; Sep Electric Meter
Owner Pays: Gas
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Hot Water
Driveway: Paved
Street Type: Paved
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Bellabay Realty LLC
Listing Agent: Kevin Cole
Last Updated: May - 22 - 2026
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