2 months on rocket

1580 8th St, Muskegon, MI, 49441

$185,000

Home List Price

$2,197*

Closing Credit

0 Baths
Multi

Location

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1580 8th St, Muskegon$185,000

Buyer Closing Credits

$2,197*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1930
HeatingForced Air, Natural Gas
CoolingWall Unit(s)
BasementYes
MLS #65024056845
Lot Size0.12 Acres
StatusActive

About 1580 8th St

Discover a prime investment opportunity with this well-maintained multifamily property located at 1580 8th St in the heart of Muskegon. Offering a solid foundation for both new and seasoned investors, this property features 2 spacious, fully leased units, including two 3 bed, 1 bath units. Situated in a vibrant neighborhood, the location is just minutes away from local parks, shopping centers, and restaurants. Residents will enjoy convenience and connectivity with easy access to major highways and public transport. Financially, the property boasts a strong rental history. Muskegon is experiencing growth, with a revitalizing downtown area and increased demand for rental properties. This multifamily investment not only promises steady cash flow but also significant appreciation potential.

Property Details

Property Features

Property Information:

  • Year Built: 1930

Listing Office:

  • Office Name: Paul Bunce Real Estate
  • Office Phone: (616) 209-8477
  • Listing Agent: Paul Bunce

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Storage

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: Seaway Drive to W Southern Ave East to 8th Street, South to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $185,000

Tax Information:

  • Annual Amount: $1,185
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Muskegon, MI.

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Muskegon, MI

City

Med. Sold Price

$186.9K

Med. Price/SqFt

$143

Avg. Days On Market

33

# of Sold Homes

75

1580 8th St vs Muskegon

62 DAYS ON ROCKET

+29 Days

$185,000

-$1.9K Less

KEY TAKEAWAY

This property is $1.9K less than the Median Sold Price in Muskegon, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS
  • MLS Number: #65024056845

Listing Office:

  • Office Name: Paul Bunce Real Estate
  • Office Phone: (616) 209-8477
  • Listing Agent: Paul Bunce

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/31/2024, 5:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 02, 2021Home Sold
$75,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,185$29,400
2020$1,137$25,400
2019$1,103$19,600
2018$1,088$18,300
2017$1,088$18,300

History based on county public records data.

Payment Calculator

$991

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$621

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2289552
2
/10

  • Moon Elementary School

  • 1826 Hoyt St

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-2289553
4
/10

  • Oakview Elementary School

  • 1420 Madison St

  • 1.88 miles

  • Public District Grades PK-5

school-card-donut-2289554
6
/10

  • Campbell Elementary School

  • 1355 Greenwich Rd

  • 2.09 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,594. Typical income of Muskegon, MI residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Muskegon County›Muskegon›49441›1580 8th St

This home is located at 1580 8th St in Muskegon, MI and zip code 49441 in the Nelson neighborhood. This home, which was built in 1930, sits on a 0.12 acre lot. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $185,000.

In November 2024, from all listings sold in Muskegon, MI there were more than 23 sold above asking price, over 32 sold below and more than 20 were sold right at the asked price. The inventory of homes for sale in Muskegon, MI between October 2024 and November 2024 decreased by 12.2%. Listings spent 33 days on the market in November 2024, and had a median list price of $186,908 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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