590 Catawba Ave - Apartments FOR SALE


Muskegon, MI 49442- Angell
$144,900 USD
231-769-0981
590 Catawba Ave, Muskegon, MI for Sale
$144,900 USD
Apartments - FOR SALE
1/15
null | 12.63% Cap Rate

590 Catawba Ave
Muskegon, MI 49442
Angell


OVERVIEW

This well-maintained and recently updated upper/lower duplex is a smart addition to any investment portfolio. Both units are tenant-occupied with below-market rents, offering immediate cash flow and room for future upside. The property is move-in ready for tenants, requiring minimal effort from a new owner. Located in an up-and-coming neighborhood, this is an opportunity to secure a turnkey rental in an area poised for growth. The building has been well cared for, with key updates already in place—allowing for hassle-free ownership. Whether you're a seasoned investor or just getting started, this duplex offers stability now and potential for increased returns down the road. Don't miss out on this easy-to-manage investment with built-in value! Buyer and buyers agent to verify all information. Current rents are $800 for the lower unit and $725 for the upper unit. Tenants are month to month.

FOR SALE DETAILS

PRICE

$144,900 USD

PRICE/SF

$81 USD /SF

# OF UNITS

2

PRICE/UNIT

$72,450

CAP RATE

12.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Agent for Owner

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

24-205-092-0010-00

ASK ABOUT THIS PROPERTY

Claire RitterFive Star Real EstateMore Info
231-769-0981

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Claire RitterFive Star Real EstateMore Info
231-769-0981

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.