About This Home

This 5-bedroom, 3-bathroom residential multi family at 111 E Grand Avenue in Muskegon, MI is listed for $229,900. Built in 1940, on a 0.25 acres lot.

Key Features

  • Built in 1940
  • 0.25 acre lot
  • 4 parking spaces

Property Details

3 full
4 spaces
1940
Listing Description

Well maintained 3 unit property offering a turn-key income producing opportunity for the new owner. All 3 units are occupied with a total monthly income of $2700, Annual income of $32,400. This property offers a main floor 3 bedroom unit with access to the basement for laundry and storage renting for $1200/mo.

2 upper level units with 1 bedroom each renting for $750/mo each. New roof 3 years ago, fresh exterior paint 4 years ago, new boiler 5 years ago. Various cosmetic upgrades throughout all units. Owner pays gas, water, and trash. Tenants pay electric. Great opportunity to earn passive income for a seasoned or new investor!

Photos used in listing were taken after each unit refresh. All units are occupied with tenants in leases. To limit tenant disruptions, seller requests showings with 48 hour notice, to qualified buyers only. Buyer to verify all information.

Monthly Cost Estimate

$1,230/mo

20% down · 6.5% · 30 years

Principal$166
Interest$996
Insurance$67

Estimates only. Actual payments may vary.

Location

111 E Grand Avenue

Muskegon, MI 49442

Property Details

Construction

Wood Siding

Parking

Driveway

Heating

RadiantHot Water(Heating)

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 111 E Grand Avenue is listed at $229,900. The estimated monthly payment is $1,229 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.25 acre lot, 4 parking spaces.

This property is listed by Thomas A Serio.

TS

Thomas A Serio

Agent at Real Estate West

Listed by Real Estate West · Broker phone: 231-246-8000 · View on Broker Site

MLS# 26046086· Source: Michigan Regional Information Center, LLC.· 59 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

111 E Grand Avenue, Muskegon, MI 49442

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