1223 Terrace Street
Muskegon, Michigan 49442
7
Bed
0
Bath
0.20Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Interior Features
Cable Available Roof: Composition -
Heating & Cooling
Heating: Hot Water Heating Fuel: Natural Gas
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Building Information
Year Built: 1899 Total Units: 4 Roof: Composition -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
-
Lot Information
Lot Size: 0.20 Lot Dimensions: 66x132 Frontage Feet: 198 -
Property Information
Financing: Cash,Conventional,FHA,VA
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Listing Price Information
Original List Price: $400,000 -
Listing Information
Possession: At Close Legal Description: CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 10 BLK 243
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Tax Information
Annual Tax: $1 Parcel Number: 24205243001000Possession
At CloseLegal Information
Legal Description: Section: CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 10 BLK 243
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Unit 1 Information
# of Bedrooms: 2 -
Unit 2 Information
# of Bedrooms: 1 -
Unit 3 Information
# of Bedrooms: 1
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School Information
School District: Muskegon -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 855 Turner Avenue , Muskegon, MI, 49442 | $175,000 | 4 | -- | -- | |
| 1776 Mcilwrath Street , Muskegon, MI, 49442 | $104,900 | 3 | -- | -- | |
| 1094 Williams Street , Muskegon, MI, 49442 | $152,000 | 3 | -- | -- | |
| 233 Delaware Avenue , Muskegon, MI, 49442 | $175,000 | 4 | -- | -- | |
| 1916 Jiroch Street , Muskegon, MI, 49442 | $159,900 | 3 | -- | -- | |
| 66 E Isabella Avenue , Muskegon, MI, 49442 | $235,000 | 7 | -- | -- |
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Nearby For Sale
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ByOwner last updated this listing 06/21/2026 @ 22:38
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