Turnkey Occupied
For Sale
$260,000
1607 Elwood St, Muskegon, MI 49442
Turnkey, fully occupied four-unit property with a practical unit mix for steady income-oriented ownership.
Property Size3,440 SF
Price / SF$75.58
Days on Market56
Property Features for 1607 Elwood St
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,709
Building Details
Year Built
1940
Units
4
Tenancy
Multi
Listing Agency:
Clear Realty Group
(616) 799-2903
Listed By:
Tyler Johnson
(616) 799-2903
Source:
Elliman
Added: Jul 4
Changed: Aug 7
Last Checked: Aug 26 at 11:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clear Realty Group
Investment Insights
Based on property information with market context.
This turnkey quadplex is offered as a fully occupied, professionally managed four-unit residential income property. The building totals 3,440 square feet and sits on a corner lot. The unit mix includes three two-bedroom units and one one-bedroom unit, supported by functional layouts and abundant natural light designed to appeal to a broad range of renters.
The property is located in an established Muskegon rental corridor and described as benefiting from proximity to schools, major employers, and the lakeshore. Access and day-to-day usability are supported by the corner-lot setting, while the property’s configuration is geared toward straightforward leasing and resident experience.
For investors or portfolio builders seeking a hands-off approach, this offering is presented with in-place leasing and current leases available for review. Major system updates are identified in the remarks, including a roof installed approximately three years ago, a brand-new high-efficiency furnace, and newer water heaters. With the quadplex fully leased, it is positioned for buyers looking for a maintained, income-focused multifamily asset with documented rent roll and financials available upon request.
The property is located in an established Muskegon rental corridor and described as benefiting from proximity to schools, major employers, and the lakeshore. Access and day-to-day usability are supported by the corner-lot setting, while the property’s configuration is geared toward straightforward leasing and resident experience.
For investors or portfolio builders seeking a hands-off approach, this offering is presented with in-place leasing and current leases available for review. Major system updates are identified in the remarks, including a roof installed approximately three years ago, a brand-new high-efficiency furnace, and newer water heaters. With the quadplex fully leased, it is positioned for buyers looking for a maintained, income-focused multifamily asset with documented rent roll and financials available upon request.
Key Highlights
- Fully occupied 4‑unit quadplex with 3,440 sq ft total living area (built in 1940)
- Unit mix: three 2‑bedrooms and one 1‑bedroom
- Total rent of $3,650/mo from all units
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey, fully occupied four-unit property with a practical unit mix for steady income-oriented ownership.
Where is this quadplex located?
The property is located at 1607 Elwood St Muskegon, MI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Fully occupied 4‑unit quadplex with 3,440 sq ft total living area (built in 1940); Unit mix: three 2‑bedrooms and one 1‑bedroom; Total rent of $3,650/mo from all units
