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263 W Muskegon Ave, Muskegon, MI, 49440

5beds
4baths
2,900sqft
$325,000
$112price/sqft
$2,306/moest. monthly cost
$92,240/yrincome needed

About This Home

Major capital improvements already completed -- new water heaters, new furnaces, and a full renovation of Unit 1. Unit 3 was rebuilt from the studs up. The work is done; just step in and collect. Currently stabilized with reliable long-term tenants plus one booked midterm rental, this property is cash-flowing and positioned for immediate returns. Whether you're an investor adding to your Muskegon portfolio or a buyer looking to owner-occupy, the numbers work from day one. With downtown Muskegon continuing its impressive growth trajectory, upside potential here is real. Don't miss this rare opportunity to acquire a turnkey income property in one of West Michigan's most exciting markets.

Getting Around

87
WalkingVery Walkable
0
TransitVery Limited Transit
59
BikeBikeable

Schools

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Moon Elementary SchoolGrades PK-51.1 mi
3/10
Muskegon Middle SchoolGrades 6-81.7 mi
4/10
Muskegon High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1937

Materials

  • Roof: Composition,Rubber
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 to 4 Units

Interior

Basement

  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Heating

  • Heating features: Forced Air,Wall Furnace

Interior Area

  • Total interior livable area: 2,900 sqft

Property

Details

  • Parcel number: 24205351000400
  • Zoning description: B-1

Lot

  • Lot size: 8,712 sqft
  • Lot size dimensions: 66 x 132

Parking

  • Total spaces: 6
  • Parking features: Paved