Address
539 Marquette Avenue, Muskegon, MI
Price
$ 215,000
Property Attributes
  • MLS#24006204
  • TypeMulti-Family
  • CountyMUSKEGON
  • CityMuskegon
  • AreaMuskegon City
  • NeighborhoodMuskegon City
  • Zip49442
  • Style2 to 4 Units
  • Year Built1920
  • Taxes$ 3087
  • Price$ 215,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.47 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description

Investment opportunity, this 4 unit has tremendous cash flow possibilities. Must view it to appreciate it. Currently vacant for renovation and value added improvements. 2 units have been updated, new roof, electrical and plumbing upgrades throughout. 3 of 4 units can be rented immediately and the 4th has been demoed and ready for completion for sweat equity. Tons of off street parking with rear ally access If your looking a property with great cash flow this is it. Median rents in the area for the units are: 1 bed $850, 2 bed $965, 3 bed $1025.

Price History
2/6/2024 Listed $285,000
2/12/2024 13% - $250,000
2/21/2024 14% - $215,000

General Features

Sewer Public Sewer
Heating Forced Air,Natural Gas
Utilities None Available,Natural Gas Connected,Electric Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Vinyl Siding
Year Built 1920
Tenant Pays Electric
Property SubType 2 to 4 Units
Tax Year 2023
OwnerPays Trash Collection,Gas
County Muskegon
New Construction No
Property Type Multi-Family
Status Active
Directions East on Marquette from Business 31
City Muskegon
High School District Muskegon
Zoning Description R1
Total Units 4
MLS Area Muskegon County - M
Lot Size Square Feet 20473.0
Waterfront Y/N No
Street Name Marquette
Land Lease Y/N No
Tax Annual Amount 3087.0
Lease Renewal Y/N No
MLS Area Minor Muskegon County - M
Additional Parcels Y/N No
Rent Control Y/N No
Days on Market 20
Standard Status Active
Tax Assessed Value 49100
MobileHomeRemainsYN No
Senior Community None

Interior Features

Basement Full
Total Fireplaces 1
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N Yes
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Total Parking 10.0
Lot Size Area 0.47
Number of Buildings 1
Spa No
Lot Dimensions 99x207
Lot Size Acres 0.47
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 49442

Price
AVG $230K
$220K
Taxes
AVG $2,269
$3,087
Visits
AVG 18
29
Data Provided by Inside Real Estate®
Year Built
AVG 1903
1920