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$64,900
2 Beds
1 Bath
960 SqFt
0.11 Acre Lot
5,009 Sqft Lot
Status Active
Property Type Single Family Residence
Price Type
Year Built
Neighborhood
Days on Website 23

Property Map

$64,900 – 2128 5th Street, Muskegon, MI 49444

Street View

Courtesy of Clear Realty Group, Tyler Johnson.

Description

Perfect cash-flowing investment property at an 11% Cap rate with long-term tenant!! Rent is $915 /mo. and the tenant has always paid early for over 5 years! This is also a great starter home for a buyer on a budget! Newer furnace and water heater. Professionally managed. The tenant has been asked to leave since the house is for sale and is looking for new housing, but she would love to stay if the new buyer is an investor. She would not require an eviction if the buyer wants her to be gone by closing. Add this no-brainer investment property to your portfolio today! See P&L pro forma in attached docs

Property Details and Features

Taxes

  • Annual Amount: $830
  • Tax Year: 2024

Appliances & Equipment

  • Appliances: “Refrigerator”, “Oven”

Basement

  • Basement: “Full”

Bathrooms

  • 1 full bathroom
  • 1 total bathroom

Bedrooms

  • 2 total bedrooms

Building

  • Architectural Style: “Ranch”
  • Building Area Source: Public Records
  • Building Area Total: 960
  • Construction Materials: “Wood Siding”
  • Living Area: 960
  • 1 story

Heating

  • Heating: “Forced Air”
  • Heating Included

Laundry

  • Features: “Gas Dryer Hookup”, “In Basement”, “Washer Hookup”

Listing

  • Contract Status Change Date: 2025-01-24
  • Expiration Date: 2025-03-24
  • Listing Agreement: Exclusive Right To Sell
  • Listing Contract Date: 2025-01-24
  • Listing Id: 25002941
  • Listing Terms: “Cash”, “FHA”, “VA Loan”, “Rural Development”, “MSHDA”, “Conventional”
  • Mls Status: Active
  • Modification Timestamp: 2025-02-14 22:12:20
  • On Market Date: 2025-01-25
  • Original Entry Timestamp: 2025-01-25 01:14:27
  • Original List Price: $69,900
  • Previous List Price: 69900
  • Price Change Timestamp: 2025-02-13 15:26:49
  • Special Listing Conditions: “None”
  • Standard Status: Active
  • Status Change Timestamp: 2025-01-25 01:14:26
  • 24 cumulative days on market
  • 24 days on market

Location

  • City: Muskegon
  • State Or Province: MI
  • County Or Parish: Muskegon
  • Postal Code: 49444
  • MLS Area Major: Muskegon County – M
  • MLS Area Minor: Muskegon County – M

Lot

  • 0.12 acres
  • Area: 0.12
  • Dimensions: 125×40
  • 5,009 square feet

Owner Pays

  • Owner Name: Agent for Owner

Property

  • Occupant Type: Tenant
  • Parcel Number: 26-185-051-0017-00
  • Property Sub Type: Single Family Residence

Additional Rooms

  • Rooms Total: 7

Schools

  • Middle Or Junior School District: Muskegon Hts

Sewer

  • Sewer: “Public Sewer”

Utilities

  • Water Source: “Public”