Listing ID22014120
Price$799,900
Price/SqFt$204.84
StatusActive
Total Baths5
Full Baths5
SqFt
3,905
Acres
0.503
CountyMuskegon
SubdivisionM71 - City of Muskegon E of Seaway Drive
Year Built1940
Property TypeCommercial
Property Sub TypeBusiness Opportunity
Amazing investment opportunity awaits you in Muskegon. This existing church has been completely updated and modernized to a 5 unit rental property, that includes one handicapped accessible unit. From units as small as 361 sq feet to as large as 861, this property, fits EVERY potential need in the rental market with rental values that range from $875 to $1200+. Everything is NEW, from top to bottom and that includes mechanicals and appliances! This property is not only turn key, it will also be maintenance free for years! Truly an investors dream! In addition, this property is so large, that the city is in the process of granting permission for the owner of this property to build 2 additional duplexes on this parcel. This property allows not for instant value and income, but also additional as you decide to expand your empire. Interested in building the duplexes sooner versus later, then lets talk! The seller can probably beat your pricing on the build.
County
Muskegon
Price/SqFt
204.84
Property Sub Type
Business Opportunity
Property Type
Commercial
Subdivision
M71 - City of Muskegon E of Seaway Drive
Zoning
RM-1
Air Conditioning
Central Air
Heat Type
Forced Air
Number of Finished Building Levels
2
Unit 1: SqFt
861
Unit 2: SqFt
852
Unit 3: SqFt
361
Unit 4: SqFt
847
Unit 5: SqFt
419
Construction Type
Frame/Wood
Exterior Material
Brick
Lot Dimensions
129x170
Lot Measurement
Square Feet
Lot SqFt Range
21930
Road Frontage
299
Sewer
Public
Total Number of Buildings
1
Water
Public
Area
Muskegon County - M
Cross Streets
Washington Ave & Irwin Ave
Municipality
Muskegon City
School DIstrict
Muskegon
Utilities Available at Street
Cable, Electric, Natural Gas, Public Sewer, Public Water
Advertising Remarks
Amazing investment opportunity awaits you in Muskegon. This existing church has been completely updated and modernized to a 5 unit rental property, that includes one handicapped accessible unit. From units as small as 361 sq feet to as large as 861, this property, fits EVERY potential need in the rental market with rental values that range from $875 to $1200+. Everything is NEW, from top to bottom and that includes mechanicals and appliances! This property is not only turn key, it will also bemaintenance free for years! Truly an investors dream! In addition, this property is so large, that the city is in the process of granting permission for the owner of this property to build 2 additional duplexes on this parcel.
Business Includes
Other
Heat Source
Natural Gas
Legal
CITY OF MUSKEGON REVISED PLAT OF 1903 LOTS 7 & 8 ALSO E 37 FT LOTS 5 & 6 EXC W 2 FT OF S 31 FT LOT 6 BLK 401
New Construction
No
Unit 1: Unit Description
Apt 1
Unit 2: Unit Description
Apt 2
Unit 3: Unit Description
Apt 3
Unit 4: Unit Description
Apt 4
Unit 5: Unit Description
Apt 5
Uses
Other
Utilities Attached
Electric, Natural Gas
Annual Property Tax
3204.58
Auction or For Sale
For Sale
For Tax Year
2020
Possession
Close of Escrow
Purchase Terms Available
Cash, Conventional
Sale Conditions
None
SEV
48200
Specific Assessment and Type
None
Tax ID Number
24205401000700
Tax Year
2021
Taxable Value
48200
Unit 1: Rent Price/Month
1200
Unit 2: Rent Price/Month
1200
Unit 3: Rent Price/Month
875
Unit 4: Rent Price/Month
1000
Unit 5: Rent Price/Month
875
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