37
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$499,000
Est. payment /mo
3,660 SqFt
New
4195 N Weber Road Whitehall, MI 49461
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UPDATED:
01/20/2025 10:02 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,660 sqft
Price per Sqft $136
Subdivision Mi
MLS Listing ID 70448948
Year Built 1979
Annual Tax Amount $4,180
Tax Year 2024
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 80 x 167
Property Description
This rare opportunity for 6 good rental units under one much-improved 1970s building, is one to jump on! With 3 two bed units, and 3 one bed units, roof and siding new in 2020, all new exterior decking, stairs and sliders added by the current owner, the exterior is in great shape. Current owner has remodeled and updated 4 out of 6 units and brought rents up in those units. Two 2-bed units with longstanding tenants remain to be remodeled to maximize the potential of this great investment opportunity and bring up those rents to market value and a potential for a 9 % cap rate. Unit 6 has a small bonus room, that could be an office. Extra bedroom could be created from storage area. New drain field was put in Dec 2024. Coin-operated shared laundry brings in extra income.
Location
State MI
County Muskegon
Area Fruitland Twp (61006)
Rooms
Basement MI Basement
Interior
Heating Baseboard, Forced Air
Exterior
Exterior Feature Vinyl Siding
Amenities Available Laundry Facility
Building
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Reeths Puffer Schools
Others
Energy Description Electric,Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Greenridge Realty (EGR)