Turn-Key Duplex
2828 7th Street Muskegon, MI 49444
For Sale
$139,900
Turn-key duplex with both units fully rented, generating current monthly rental income.
Property Size675 SF
Price / SF$207.26
Days on Market128
Property Features for 2828 7th Street
General Information
- Standard status
- Active
- Size
- 675 SF
- Property subtype
- Multi Family / 2 to 4 Units
Building Details
- Year Built
- 1935
Listing Agency:
RE/MAX West
(231) 733-1236
Listed By:
Diana Carol Cain · License #6506048493
(231) 733-1236
Source:
Compass
Added: Mar 20
Changed: Jul 22
Last Checked: Jul 24 at 3:21PM
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 RE/MAX West
Investment Insights
Based on property information with market context.
This turn-key duplex investment opportunity consists of a residential income property with both units fully rented. The exterior was freshly painted last summer, supporting a clean, well-maintained curb appearance. Buyer and Buyer's Agent should verify all information as part of their due diligence.
The property is located at 2828 7th Street in Muskegon, MI 49444. The duplex is being offered for sale with current rental income in place.
Additional financial details are provided in the listing remarks, including the stated current monthly rental income amount. Buyer and Buyer's Agent to verify all information.
The property is located at 2828 7th Street in Muskegon, MI 49444. The duplex is being offered for sale with current rental income in place.
Additional financial details are provided in the listing remarks, including the stated current monthly rental income amount. Buyer and Buyer's Agent to verify all information.
Key Highlights
- Muskegon Heights duplex with both units fully rented, generating $2,100 per month in current rental income
- Year built 1935
- Forced air heating with natural gas heat source
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.9k | $14.64 |
| − Vacancy | −$526 | −$0.78 |
| EGI | $9.4k | $13.86 |
| − OpEx | −$2.8k | −$4.16 |
| NOI | $6.5k | $9.70 |
675 SF · lease $14.64/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$93.6K
$81.9K – $109.2K
NOI $6,549 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$83.5K
$73.1K – $97.4K
NOI $5,846 @ 7.0% cap · market cap 4.18%
Theoretical Best
Hotel Hospitality
$6.34M
$5.55M – $7.40M
NOI $443,726 @ 7.0% cap · market cap 317.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turn-key duplex with both units fully rented, generating current monthly rental income.
Where is this duplex located?
The property is located at 2828 7th Street Muskegon, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Muskegon Heights duplex with both units fully rented, generating $2,100 per month in current rental income; Year built 1935; Forced air heating with natural gas heat source
