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Courtesy of: Medendorp Real Estate Group, David Medendorp

Listing Sold By: Medendorp Real Estate Group

Local Realty Services Provided By: Keller Williams Realty Rivertown

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$160,000

381 Houston Avenue, Muskegon, MI 49441

$160,000

381 Houston Avenue, Muskegon, MI 49441

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Property Description

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Great Income Property Currently being utilized as a 16 bed Adult Foster Care Home. Tenant has a triple net lease in place through 2021 at $2,600 per month ($2,200 rent / $400 property taxes). Home is equipped with fire alarms and sprinkler systems. Renter pays everything including taxes, insurance, maintenance and repairs.The home features seven bedrooms 2 full and 3 partial baths. There is also a 3 bedroom one bath staff apartment. Instant cash flow. This is a rare opportunity. Home is located in midtown, close to Hackley Park and near downtown and the LC Walker arena and Frauenthal Theater.

Property Details

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Overview

Property Type

2 to 4 Units

Year Built

1940

Days on Site

1,274 Days

HVAC

Forced Air, Source: Natural Gas

Parking

4 Parking Spaces

Your Agent

Katrynia Strikwerda

Grand Rapids North

65-01423334

(231) 645-1583

kat@tlrnation.com

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Purchase Price: $160,000

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Price & Tax History

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