Special offer

Muskegon Investment 23 units 325,000 great price

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Real Estate Agent with Medendorp Real Estate Group Muskegon 6502399695
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Listing #2840694
 $325,900 (LP)

Price/SqFt 17.71

    Muskegon, MI  49440     Active 
Beds: Baths: (FH) Sq Ft: 18399Lot Sz: 0.580ac
Area: M-71 Yr: 1927    

  Remarks
<!-- ITG 286582 Mini Enhancement RV 12/20/06 --> <!-- Moved Schedule a showing to the top of Marketing Remarks--> Hamilton Apartments is a 23 units. Brick 3 story building. When built this was the finest apartment building in Muskegon. The building is 18228 Square feet. Apartments, (except studios), come with dishwashers and hardwood floors. Building includes a manager/owner unit that's 2000 Sq Ft with 2 bedroom, 2 baths and loaded with amenities. There are 8 large studios renting at $420, 11 1-bedrooms renting at $450, 3 2-bedrooms renting at $550 and 1 2-bedroom renting for $695. The property is located in downtown Muskegon 4 blocks from the City Centre site,6 blocks from Muskegon Lake and 5 blocks from the new Baker College, $1 million dollar art school. It is 6 blocks from the Hackley Hospital Campus. Montly gross income is $10,660. Laundry income is $125 per month. The potentia, gross income is $125,000. Property had a $50,000 electrical wiring service upgrade in 2008. New $7000 hot water heater installed. Boiler rebuilt November, 2008. Buyer to verify all information.

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Additional Pictures
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1 of 13 Pictures
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Pictures (13)                
Agent David Medendorp    Office:231-798-6430 Cellular:231-206-3367 Home:231-767-8958
Office ALT Property Management LLC Phone: 231-798-6430, FAX: 231-332-5912
Area M - 71
Municipality Muskegon City
Approx Square Feet 18399 Price / SqFt 17.71
Lot Sq Ft (approx) 25265 Lot Acres (approx) 0.580
County Muskegon
Est. Year Built 1927
New Construction No
 
School District Muskegon 
Units
 
Studio Unit #: 1
Occupied: No
Bedrooms: 1
Identical Units: 8
Square Feet: 600
Bathrooms: 1.00
Rent: 420.00
   
 
Two Bedroom/1 Bath Unit #: 2
Occupied: No
Bedrooms: 2
Identical Units: 3
Square Feet: 800
Bathrooms: 1.00
Rent: 550.00
   
 
Two Bedroom/2 Bath Unit #: 3
Occupied: No
Bedrooms: 2
Identical Units: 1
Square Feet: 2000
Bathrooms: 2.00
Rent: 695.00
   
 
One Bedroom Unit #: 4
Occupied: No
Bedrooms: 1
Identical Units: 11
Square Feet: 670
Bathrooms: 1.00
Rent: 465.00
   
 
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General Information
Lot Dimensions 160X188
Road Frontage 348
Waterfront No
Access. Featrs Y/N No
 
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Features
Exterior Material Brick
Extras Laundry Facility, Sep Electric Meter, Sep Gas Meter
Total Units #23
Total Buildings #1
Total Parking Spaces #24
 

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