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.
Pending
$234,900
1148 Terrace St, Muskegon, MI 49442
5beds
2,380sqft
Est.:
Single Family Residence
Built in 1800
8,712 Square Feet Lot
$-- Zestimate®
$99/sqft
$-- HOA
What's special
- 163 days
- on Zillow |
- 602 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: April 14, 2025 at 06:47pm
Listed by:
Lily Force 616-723-4152,
Key Realty 616-202-1247
Source: MichRIC,MLS#: 24059432

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Wall Unit(s)
Appliances
- Laundry: In Basement
Features
- Windows: Replacement
- Basement: Full
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 2,380
- Total interior livable area: 2,380 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Stories: 2
Lot
- Size: 8,712 Square Feet
- Dimensions: 66 x 132
- Features: Sidewalk
Details
- Parcel number: 6124205230000200
- Zoning description: RM-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1800
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
Community & HOA
Location
- Region: Muskegon
Financial & listing details
- Price per square foot: $99/sqft
- Tax assessed value: $47,610
- Annual tax amount: $2,722
- Date on market: 11/14/2024
- Listing terms: Cash,FHA,VA Loan,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
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