381 Houston Avenue, Muskegon, Michigan
381 Houston Avenue, Muskegon, Michigan 49441 - Great Income Property Currently being utilized as a 16 bed Adult Foster Care Home. Tenant has a triple net lease in place through 2021 at $2,600 per month ($2,200 rent / $400 property taxes). Home is equipped with fire alarms and sprinkler systems. Renter pays everything including taxes, insurance, maintenance and repairs.The home features seven bedrooms 2 full and 3 partial baths. There is also a 3 bedroom one bath staff apartment. Instant cash flow. This is a rare opportunity. Home is located in midtown, close to Hackley Park and near downtown and the LC Walker arena and Frauenthal Theater.
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Listing Courtesy of Medendorp Real Estate Group