1148 Terrace Street
Muskegon, MI 49442
- 5 beds
- 2 baths
- 2,380 sqft
- 8,712 sqft lot
- $102 per sqft
- 1800 build
- – on site
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.
Listing courtesy of MICHRIC / Lily Force / Key Realty
Last checked:
Checking…
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Last updated Nov 15, 2024
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MLS# 24059432 —
The Building
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Year Built:1800
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New Construction:false
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Construction Materials:Aluminum Siding
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Architectural Style:Traditional
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Foundation Details:None
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Building Features:None
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Window Features:Replacement
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Patio And Porch Features:None
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Accessibility Features:Ramped Entrance
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Accessibility Features:Yes
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Direction Faces:None
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Roof:None
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Stories:2
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Basement:No
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Basement:Full
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Basement:Yes
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Common Walls:None
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Building Area Total:2380.0
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Exterior Material -Aluminum Siding:true
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Roofing -Composition:true
Interior
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Rooms Total:5
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Flooring:None
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Total Fireplaces:1.0
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Fireplaces Total:1
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Fireplace:true
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Fireplace Features:Living Room
Room Dimensions
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Living Area:2380.0
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Main Level SqFt:1180.0
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Upper Level SqFt:1200.0
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Basement SqFt:900.0
Location
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Directions:US 31 to Apple Ave W to Peck E to Delaweare N to Terrace W to address.
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Cross Street:Diana & Delware
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Latitude:43.231698
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Longitude:-86.241696
The Property
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Parcel Number:6124205230000200
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:No
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Lot Features:Sidewalk
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Lot Size SqFt:8712.0
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Lot Size Acres:0.2
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Lot Size Area:0.2
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Lot Size Units:Acres
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Topography:None
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Waterfront:false
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View:None
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View:No
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Exterior Features:Porch(es), Deck(s)
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Fencing:None
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Inclusions:None
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Zoning:None
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Zoning Description:RM-1
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Current Use:None
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Possible Use:None
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Frontage Type:None
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Water Access:No
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Waterfront:No
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Road Frontage:66.0
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (616) 723-4152
- Office phone:
- (616) 202-1247
Taxes
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Tax Year:2024
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Tax Year:2024.0
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Tax Legal Description:City of Muskegon revised plat of 1903 Kit 2 Blk 230.
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Tax Annual Amount:2722.0
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Tax Assessed Value:47610
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Taxable Value:47610.0
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Annual Property Taxes:2722.0
Beds
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Bedrooms Total:5
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Basement Bedrooms:1
Baths
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Total Baths:2
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Total Baths:2.0
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Partial Baths:None
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Full Baths:1
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Full Baths:2
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Full Baths:1
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Three Quarter Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Terms Available -VA Loan:true
Heating & Cooling
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Cooling:Wall Unit(s)
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Cooling:true
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Heating:true
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Heating:Forced Air
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Heat Type -Forced Air:true
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Heat Source -Natural Gas:true
Utilities
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Utilities:Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Public Water
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Electric:None
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Natural Gas:true
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Sewer:Public Sewer
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Sewer -Publictrue
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Water Source:Public
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Water Public:true
Appliances
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Laundry Features:In Basement
Schools
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Elementary School District:None
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Middle Or Jr High School District:None
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High School District:Muskegon
The Community
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Senior Community:No
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Pool Private:No
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Spa Features:None
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Association:No
Parking
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Garage:true
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Attached Garage:false
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Garage Spaces:1.0
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Carport Spaces:None
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Parking Total:None
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Parking Features:Detached
Monthly cost estimate
Asking price
$244,900
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,311
|
Taxes | $226 |
Insurance | $67 |
Utilities | $258 See report |
Total | $1,862/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
37% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $5k above asking price on average, but some went as high as $118k over asking price.