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Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Norton Shores City
MLS Listing ID 21005908
Sold Date 05/10/21
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1964
Annual Tax Amount $5,194
Tax Year 2020
Lot Size 2.400 Acres
Acres 2.4
Lot Dimensions 300 x 400
Property Description
Side by Side Duplex - 2 bedrooms with additional 4 unit studios in separate building. Broker opinion that there is enough land to build another 20 units.
All units currently rented. Duplex rents are $600 each and studios are $500 each. Month to Month leases. Newer roof on Duplex, There is a bill board lease presently at 1200 per year Pet Friendly, near Mercy hospital. There is surplus land that could developed in to more apartments . 4 units owner pays all utilities - duplex tenants pay electric.
Location
State MI
County Muskegon
Area Muskegon County - M
Direction US 31 to Sherman then South to Getty
Rooms
Basement Crawl Space, Michigan Basement
Interior
Heating Forced Air, Natural Gas
Fireplaces Number 2
Exterior
Waterfront No
View Y/N No
Roof Type Composition, Other
Topography {Rolling Hills=true}
Street Surface Paved
Total Parking Spaces 20
Building
Lot Description Flag Lot
Sewer Public Sewer
Structure Type Wood Siding, Block
New Construction No
Schools
School District Muskegon
Others
Tax ID 27-104-100-0004-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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