Muskegon Heights, MI 49444,3133 5th Street
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Muskegon Heights, MI 49444,3133 5th Street
Muskegon Heights, MI 49444,3133 5th Street
Muskegon Heights, MI 49444,3133 5th Street
Muskegon Heights, MI 49444,3133 5th Street

$349,000

Est. payment /mo

$379,000

7.9%
Est.Price: ?

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3133 5th Street Muskegon Heights, MI 49444

5,184 Sqft Lot

SOLD DATE : 06/07/2022

Key Details

Sold Price $349,000

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 22008695

Year Built 1930

Annual Tax Amount $1,060

Tax Year 2021

Lot Size 5,184 Sqft

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. Thi s 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 spreading that the city is now working with builders to redevelop the city's vacant lots. The seller is NOT offering owner financing.

Location

State MI

County Muskegon

Area Muskegon County - M

Interior

Heating Forced Air, Natural Gas

Fireplaces Number 8

Exterior

Waterfront No

View Y/N No

Roof Type Composition

Building

Sewer Public Sewer

Structure Type Wood Siding

New Construction No

Schools

School District Muskegon Hts

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Lighthouse Property Management

Karen Austin

Broker Associate

+1(517) 290-4493

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