$219,900
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1541 Terrace Street Muskegon, MI 49442
0.37 Acres Lot
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Muskegon City
MLS Listing ID 25042738
Sold Date 09/26/25
Year Built 1939
Annual Tax Amount $1,679
Tax Year 2024
Lot Size 0.373 Acres
Acres 0.37
Lot Dimensions 124x131x124x131
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Investor Special - Updated Duplex with Strong Rental Income!
Discover this refreshed duplex on a double lot in Muskegon, offering excellent investment potential. Both units are currently occupied, generating $2,345/month in rental income. The front 2-level unit includes a basement, while the back unit is a convenient ranch-style layout. Recent updates include new flooring, fresh finishes, and a new deck on the front/side. Property features fenced sides and back, adding privacy and functionality.
Rental terms: one unit is under a yearly lease (renewed in June) and the other operates on a month-to-month basis, providing both stability and flexibility for investors
Location
State MI
County Muskegon
Area Muskegon County - M
Direction From US-31 N, take the E Laketon Ave exit. Turn right (east) onto E Laketon Ave. Continue on E Laketon for about 1.5 miles. Turn left onto Peck Street. Go about 0.3 miles, then turn right onto Terrace Street. Drive about 0.6 miles — 1541 Terrace Street will be on your right.
Rooms
Basement Full
Interior
Heating Forced Air
Fireplaces Number 1
Exterior
Parking Features Paved, Unpaved
Utilities Available Phone Available, Natural Gas Connected, Electricity Connected, Cable Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 8
Building
Structure Type Vinyl Siding
New Construction No
Schools
School District Muskegon
Others
Tax ID 24-205-281-0014-00
Acceptable Financing VA Loan, MSHDA, FHA, Cash, Conventional
Listing Terms VA Loan, MSHDA, FHA, Cash, Conventional
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Bought with Five Star Real Estate-W Norton
