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324 Catherine Avenue Muskegon, MI 49442
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Key Details
Sold Price $583,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70275512
Sold Date 07/30/22
Year Built 1900
Annual Tax Amount $861
Tax Year 2022
Property Description
7 Properties, 9 Units. Fully rented and stabilized. Several of these homes have been updated with new roofs, furnaces, appliances and flooring over the last 4 years. There is always more work to be done, but this is a nice solid investment portfolio. Single family homes are nice assets to invest in as they are more liquid in an uncertain market. This bundle is priced at a 7 cap with room to increase rents. SOLD BEFORE BROADCAST
Location
State MI
County Muskegon
Area Muskegon (61023)
Rooms
Basement MI Basement
Interior
Heating Forced Air
Exterior
Exterior Feature Other
Waterfront No
Building
Water Public Water
Structure Type Other
Schools
School District Muskegon Public Schools
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Lighthouse Property Management
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