A great income opportunity in the ever growing, downtown Muskegon area! A total of 7 units, 2 storefront units with 5 upper apartments (four 1 bedroom units & 1 studio). New roof in 2003, new $12,000 boiler in 2007 and new 40 gallon water heater in 2007. Wide hall way with 2 exits solid brick building with a full basement. Stairways from apartments. All Utilities included. Contract terms are $30,000 down, 6% interest for 15 years at $710 per month. Buyer to verify all information. 48 hour minimum due to tenants. Taxes and sizes to be verified. Annual expenses for new buyer are estimated to be: Contract Payment ($8520), maintenance ($2412), Utilities ($12,750), Taxes ($2990),Insurance ($1402) This projects an estimated annual net of $8,489. Incomes: unit 1 - $350, unit 2 - $425, unit 3 - $4 Brokered And Advertised By: Homeflex Realty, Inc Listing Agent: Kenneth C Ferrier
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