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    463 Catawba Ave Muskegon, MI 49442

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    For Sale
    $319,900

    Four-unit apartment building with strong rental potential in Muskegon.

    Lot size:
    0.27 Acres

    Property Features for 463 Catawba Ave

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1900

    Source: Five Star Real Estate (Rock) Agent Emmett C TerBeek

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Muskegon Multifamily Investment Opportunity

    This four-unit apartment building in Muskegon presents an investment opportunity. Each unit features a 2-bedroom, 1-bath layout. Two units are currently vacant and have been recently updated. The property has strong rental potential, with each unit potentially renting for approximately $900 to $1,000 per month. Tenants are responsible for their own utilities, while the owner covers water and sewer expenses. The spacious lot offers room for future expansion, with the potential for an additional duplex or detached dwelling unit, subject to city approval. This property is a cash-flow opportunity in a growing market.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2327273
    Latitude
    43.2291337

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    FAQs

    What type of property is this?
    Quadplex - Four-unit apartment building with strong rental potential in Muskegon.
    Where is this quadplex located?
    The property is located at 463 Catawba Ave Muskegon, MI.
    What is the asking price?
    The asking price for this property is $319,900.
    What are key features of this property?
    This property features: - Four-unit apartment building with strong rental income potential ($900-$1,000/unit).; - Two recently updated and vacant units are ready for immediate occupancy or rental.; - Tenants pay their own utilities, reducing owner expenses.
    (616) 884-4200
    Request Owner's contact information
    463 Catawba Ave Muskegon, MI 49442
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    463 Catawba Ave Muskegon, MI 49442
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