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Renovated Apartment Building with Storage
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1500 Carr Rd, Muskegon, MI 49442

Twenty-four residences accompany renovated interiors, private utility systems, and additional storage improvements on a sizable Carr Lake property.

Property Size3,000 SF
Lot Size8.86 Acres
Days on Market143

Property Features for 1500 Carr Rd

General Information

Standard status Active
Size 3,000 SF
Lot size 8.86 Acres
Property subtype Multifamily

Units

Unit Mix 6 x 1BR/1BA, 18 x 2BR/1BA
Multifamily Units 24

Additional Details

Utilities to Site Yes
Self-Storage Units 20
Listing Agency: Hull Multifamily Advisors
Listed By: Austin Hull · License #MI 6502430931
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 4:05AM

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 Hull Multifamily Advisors

Investment Insights

Based on property information with market context.

This apartment property includes 24 residences and 20 on-site storage units across an 8.86-acre setting near Carr Lake. The residential mix comprises six one-bedroom, one-bath units and 18 two-bedroom, one-bath units. Storage inventory includes ten 5x10 units and ten 10x25 units, totaling 3,000 rentable SF.

Current ownership has completed substantial interior work, including full renovations in 22 of the 24 apartments with updated kitchens, bathrooms, flooring, lighting, trim, doors, and paint. Electric baseboard heat is paid by residents, while the property uses well and septic systems. The storage units are not currently rented, and vacant land remains available for potential expansion. The property is located at 1500 Carr Rd in Muskegon, Michigan.

Key Highlights

  • 24 apartment units with a mix of 6 one‑bedroom and 18 two‑bedroom residences
  • 22 of 24 apartments fully renovated with updated kitchens, bathrooms, flooring, lighting, trim, doors, and paint
  • 20 on‑site storage units totaling 3,000 rentable SF

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Building Supply Hair Salon Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Twenty-four residences accompany renovated interiors, private utility systems, and additional storage improvements on a sizable Carr Lake property.
Where is this apartment building located?
The property is located at 1500 Carr Rd Muskegon, MI.
What are key features of this property?
This property features: 24 apartment units with a mix of 6 one‑bedroom and 18 two‑bedroom residences; 22 of 24 apartments fully renovated with updated kitchens, bathrooms, flooring, lighting, trim, doors, and paint; 20 on‑site storage units totaling 3,000 rentable SF
More about this property
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