3133 5th Street
Muskegon Heights, MI 49444
- – beds
- – baths
- – sqft
- 5,227 sqft lot
- 1930 build
- – on site
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In a world were most investment Real Estate offerings do not seem to offer any substantial upside, Here is a good opportunity. This stabilized bundle of 8 single family homes is fully occupied and offered at a 9 cap. These homes are all located within 3 or 4 blocks of each other. They are mostly two bedroom homes and have been professionally managed since 2017 and while they have been updated a little at a time at each turn, there is a ton of opportunity to bring each home to the next level and continue pushing the rents higher. Out of respect for the occupants, all showings/inspections will be scheduled upon acceptance of an offer and verification of funding. This seller is liquidating all of his single family homes in bundles only and will not sell any individually. This makes for an excellent opportunity for a house flipper! The sales price for rehabbed homes in Muskegon Heights is now consistently clearing $100k. The demand is growing rapidly as news is sprea
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Last updated Apr 6, 2024
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MLS# 65022008695 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/7/22
Jun 7, 2022
|
Sold | REALCOMP | $349,000 | -7.9% |
|
3/29/22
Mar 29, 2022
|
Pending | REALCOMP | $379,000 | |
|
3/18/22
Mar 18, 2022
|
Listed / Active | REALCOMP | $379,000 | 2815.4% (745.5% / YR) |