Muskegon, MI 49442 1148 Terrace Street
$234,900
Pending
14 more
Presented By: Lily Force at Key Realty - (616) 202-1247
Home Details
Want to own an existing income producing property? This great investment opportunity is an already established mulit-room home that is currently being operating as an Adult Foster Care Home. This home currently rents out for $2,100 per month. With a current lease that is good until 12/22/2027. Some recent updates include a new roof put on within the last month. The deck has recently been power-washed & restained. A new garage door just put in. The seller is still working on some more updates including and new roof on the garage and some fascia repair on the outside. Seller is willing to give a $5,000 credit towards any and all repairs at close.
Presented By: Lily Force at Key Realty - (616) 202-1247
Interior Features for 1148 Terrace Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementFull
Basement (Y/N)Yes
Heating Y/NYes
Laundry FeaturesIn Basement
Total Fireplaces1
Other Rooms
General for 1148 Terrace Street
AccessibilityRamped Entrance
Additional Parcels Y/NNo
Attached Garage No
CityMuskegon
Construction MaterialsAluminum Siding
CoolingWindow Unit(s)
CountyMuskegon
DirectionsUS 31 to Apple Ave W to Peck E to Delaweare N to Terrace W to address.
Electric On Property Y/NNo
HeatingForced Air
High School DistrictMuskegon
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionCity of Muskegon revised plat of 1903 Kit 2 Blk 230.
Listing TermsVA Loan, FHA, Cash, Conventional
Lot Size Square Feet8712.0
Lot Size UnitsAcres
MLS AreaMuskegon County - M
MLS Area MinorMuskegon County - M
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-15T01:47:26Z
New ConstructionNo
Number Of Units Total5
Occupancy TypeTenant
OwnerPaysNone
PossessionSubject To Tenant Rights
Property Subtype5+ Units
Property TypeMulti Family
Rent Control Y/NNo
RoofComposition
Senior CommunityNone
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount2722.0
Tax Assessed Value47610
Tax Year2024
Tenant PaysElectric, Trash, Sewer, Gas
TownshipMuskegon City
UtilitiesElectricity Available, Cable Available, Natural Gas Connected
Waterfront Y/NNo
Year Built1800
Zoning DescriptionRM-1
Exterior for 1148 Terrace Street
BuyerOfficeFax616-396-5356
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions66 X 132
Lot FeaturesSidewalk
Lot Size Acres0.2
Lot Size Area0.2
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesPaved
Road Surface TypePaved
SpaNo
Total Parking2.0
Additional Details
Price History
Andrew Knies
Broker/Agent
Similar Properties to 1148 Terrace Street
Get Pre-Approved Now!
Give yourself a better position in the competitive home buying market. Complete the form to get started on your journey to purchase your dream home. Our lending partner has a wide variety of lending options available and advanced mortgage technology. As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.
We keep your info safe & never share it. View our Terms of Use.
Thomas Fallie
Phone:
(708) 516-3783
License #543277