$3,400,000
Muskegon, MI 49441
MLS# 24008193
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Property Description
Turnkey investment opportunity! 16 new construction luxury townhomes under professional management. Each unit features 3 bedrooms, 2.5 baths. Amenities include tenant storage, in unit laundry, attached garage and patio. Common back yard with professional landscaping, vinyl fences and underground sprinkling. Each unit has its own water meter, forced air furnace, central air and water heater. Tenants pay all utilities. All buildings were constructed in 2022-2023 using quality products including solid wood cabinetry, stainless steel appliances, granite countertops, tile backsplashes, luxury vinyl plank flooring and quality carpet/pad for years of limited maintenance calls. Additional information available upon request. Do not disturb tenants. Buyer to verify all information. Listing agent ha
Details
Maps
Location & Property Info
County: Muskegon
Street #: 2190
Street Name: Dowd
Suffix: Street
State: MI
Zip Code: 49441
Zip (4): 3010
Cross Streets: Hackley & Young
Property Sub-Type: 5+ Units
Area: Muskegon County - M
Municipality: Muskegon City
Ownership Type: Private Owned
Office/Contract Info
Status: Active
Current Price: $3,400,000
List Price: $3,400,000
Auction or For Sale: For Sale
List Price/SqFt: 147.57
Sub Agency Type: %
Buyer Agency: 2
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-02-19
General Property Info
Lot Measurement: Acres
Lot Square Footage: 48309
Lot Acres: 1.11
Lot Dimensions: 194x248
Year Built: 2023
New Construction: Yes
Construction Status: Completed
Cert of Compliance: Yes
Road Frontage: 194
Total # Units: 16
# of Diff Unit Floor Plans: 1
Total # Bldgs: 8
Total Approx. SqFt All Bldgs: 23040
Total Parking Spaces: 48
Waterfront: No
School District: Muskegon
Tax Info
Tax ID #: 24-365-000-0001-25
Taxable Value: 44100
SEV: 44100
For Tax Year: 2023
Annual Property Tax: 53288
Tax Year: 2023
Spec Assessment & Ty: none known
Remarks & Misc
Directions: i96 becomes seaway drive, West on Hackley to Dowd. Corner of Dowd and Hackley.
Legal: CITY OF MUSKEGONSEC 35 T10N R17WTHE S 56.4 FT OF W 1/2 LOT 1 GLEN VIEW A RE-SUBDIVISION OF PART OF ORCHARD GROVE ADDITION
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 11376
Annual Maintenance: 9600
Annual Mgmt. Fees: 24480
Annual Utilities: 1000
Unit 1
Unit Description: All Units
Identical Units: 16
SqFt: 1440
Monthly Rent: 1700
Bedrooms: 3
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Property Features
Laundry Features: Common Area; Gas Dryer Hookup; In Unit; Laundry Closet; Upper Level
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Slab
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at Street: None
Extras: Garages; Sep Electric Meter; Sep Gas Meter; Sep Water Meter; Tenant Storage
Owner Pays: Trash Collection
Tenant Pays: Electric; Gas; Sewer; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Shared Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garage; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Supplements
s ownership interest in property.
Listing Office: Real Estate West
Listing Agent: Thomas Serio
Last Updated: April - 30 - 2024
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