$275,000
Muskegon, MI 49442
MLS# 26033270
1 / 49
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!
Details
Location & Property Info
Cross Streets: Elwood & E. Forest
Property Sub-Type: 2 to 4 Units
Municipality: Muskegon City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 79.94
General Property Info
New Construction: No
Lot Dimensions: 40x124
Road Frontage: 40
Cert of Compliance: No
Cert. of Compliance Exp Date: 2026-01-14
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3440
Total Parking Spaces: 6
School District: Muskegon
Lot Measurement: Acres
Lot Square Footage: 4966
Lot Acres: 0.11
Year Built: 1940
Tax Info
Taxable Value: 147600
SEV: 147600
For Tax Year: 2025
Seller's Annual Property Tax: 2709
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: RES
Tax ID #: 24-185-101-0020-00
Remarks & Misc
Public Remarks: 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!
Legal: CITY OF MUSKEGON CASTENHOLZ SUB DIV OF BLKS 100 101 & 103 TO 120 INCL LOT 20 BLK 101
Lot Description
Corner Lot: 1
Income and Expenses
Gross Op. Inc.: 43800
Util Avail at Street
Cable Available: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
MSHDA: 1
VA Loan: 1
Exterior Material
Aluminum Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
None: 1
Substructure
Full: 1
Extras
Garages: 1
Owner Pays
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit Description: A
SqFt: 924
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: B
SqFt: 750
Occupied: Yes
Monthly Rent: 935
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: C
SqFt: 900
Occupied: Yes
Monthly Rent: 1035
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 4
Unit Description: D
SqFt: 385
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Muskegon
Street #: 1607
Street Name: Elwood
Suffix: Street
State: MI
Zip Code: 49442
Zip (4): 5873
OfficeContract Info
Status: Active
Current Price: $275,000
List Price: $275,000
Listing Date: 2026-07-01
Property Features
Exterior Material: Aluminum Siding
Substructure: Full
Lot Description: Corner Lot
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available
Extras: Garages
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric; None
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Clear Realty Group
Listing Agent: Tyler Johnson
Last Updated: July - 01 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.