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3133 5th Street Muskegon Heights, MI 49444
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Key Details
Sold Price $349,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65022008695
Sold Date 06/07/22
Bedrooms 8
Originating Board Greater Regional Alliance of REALTORS
Year Built 1930
Annual Tax Amount $1,060
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50x104
Property Description
In a world were most investment Real Estate offerings do not seem to offer any substantial upside, Here is a good opportunity. This stabilized bundle of 8 single family homes is fully occupied and offered at a 9 cap. These homes are all located within 3 or 4 blocks of each other. They are mostly two bedroom homes and have been professionally managed since 2017 and while they have been updated a little at a time at each turn, there is a ton of opportunity to bring each home to the next level and continue pushing the rents higher. Out of respect for the occupants, all showings/inspections will be scheduled upon acceptance of an offer and verification of funding. This seller is liquidating all of his single family homes in bundles only and will not sell any individually. This makes for an excellent opportunity for a house flipper! The sales price for rehabbed homes in Muskegon Heights is now consistently clearing $100k. The demand is growing rapidly as news is sprea
Location
State MI
County Muskegon
Area Muskegon Heights
Zoning Residential
Direction All 8 Single Family homes are located within the same few blocks.Take Seaway to Broadway, East To Jefferson then South to Jefferson houses, Glendale, 6th and finally 5th st
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Roof Type Composition
Garage no
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Wood
Schools
School District Muskegon Heights
Others
Pets Allowed Yes
Tax ID 26770022001700
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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