26 INVESTMENT RENTAL HOMES & 8 MULTIPLE UNITS - RENTED! 10%+ PRICE REDUCTION!!! FULLY RENTED--NO REPAIRS NEEDED Start Price USD 1,600,000.00 Current Price USD 1,600,000.00 Time Left 15 days 4 hours 13 minutes Bid Count 12 Buy It Now Price - Reserve Price - Start Time Friday, May 09, 2008 End Time Thursday, August 07, 2008 Location Muskegon, MI See more about '26 INVESTMENT RENTAL HOMES & 8 MULTIPLE UNITS - RENTED!' Description   10% +++ PRICE REDUCTION!!!   CLICK THE FOLLOWING LINK FOR PHOTOS!!!   http://s285.photobucket.com/albums/ll55/clark116/maypropphotos/   TOTALLY RENOVATED -- NO REPAIRS NEEDED 45 TOTAL UNITS RENTED TO QUALITY TENANTS LOCAL PROPERTY MANAGEMENT AVAILABLE, IF YOU CHOOSE, FOR 10% FEE     THIS IS A GREAT INVESTMENT OPPORTUNITY IN MUSKEGON, MICHIGAN -- AN AREA AWAY FROM THE RAT RACE (NO RUSH HOUR OR BUMPER-TO-BUMPER TRAFFIC HERE -- GIVE UP YOUR 1 HOUR+ COMMUTE AND SAVE $$$$ ON GAS!!) IN A BEAUTIFUL LAKE MICHIGAN SETTING!!!   Experience Michigan's wonderful, no-disaster weather.  No hurricanes, no earthquakes, no tornadoes (in Muskegon, the sand dunes protect us!), no flooding, no mudslides - beautiful 70 - 80 degree weather in the summer -- the lake protects us from the scalding, hot temperatures -- not too cold in the winter -- the lakes keeps us warmer.   NOTICE:  These properties are for sale individually, in packages or as one complete lucrative business.  Substantial discounts available depending on size of purchase.     For more information on the Muskegon, MI area, please go to the Muskegon Area Chamber of Commerce site at:   www.muskegon.org     14 of the properties are within walking distance of the exciting new Baker College downtown facility which is due to be completed by the Fall of 2009 – use the two following links to access recent articles in the Muskegon Chronicle:    http://blog.mlive.com/chronicle/2007/09/baker_college_oks_11_million_d.html   http://www.mlive.com/business/chronicle/index.ssf?/base/business-0/12109473078370.xml&coll=8     For more information or to make an offer, please email the seller using the “Contact the Seller” link above with your contact information.   These properties are conveniently located in Muskegon, MI just 45 miles west of the rapidly growing city of Grand Rapids, Michigan and just minutes from the beautiful Lake Michigan beaches.   These houses are a great opportunity for an investor – even for a beginning investor – NO REPAIRS ARE NEEDED!!  We (the owners) have done all the hard part for you – renovation and renting!  All of these houses were recently renovated – all are in great shape.    Local property management is readily available.  We are selling because we want to retire!  Properties are for sale individually, in packages or as one complete lucrative business.  Substantial discounts available depending on size of purchase.   See below for pricing and description of individual properties.  This master property list is in Microsoft Excel format and I can email you the original document.   MASTER PROPERTY LIST - Page 1 of 2 HOUSES                                 ADDRESS BEDS BATH LAUNDRY BASEMENT PORCH GARAGE FENCE DECK RENT SECT. 8 RENT SELLING PRICE TAXES - ANNUAL INSURANCE - ANNUAL UTILITIES SCHOOL CITY 1259 3rd Street 4 2 X X         $615.00 $700.00 $73,640.00 $1,180.31 $661.73 ALL Nelson Muskegon 451 Ada 2 1 X X X       $425.00 $550.00 $59,640.00 $704.08 $535.92 ALL McLaughlin Muskegon 1044 Kenneth 2 1 X   X X X   $415.00 $500.00 $41,720.00 $693.73 $374.89 ALL McLaughlin Muskegon 1985 Leahy 3 1 X   X X X   $575.00 $650.00 $51,800.00 $1,143.34 $465.47 ALL Moon Muskegon 342 Mason 4 2 X X X X     $615.00 $700.00 $47,040.00 $817.83 $422.70 ALL Nelson Muskegon 345 Mason 4 1 X X X       $600.00 $700.00 $47,600.00 $817.83 $427.73 ALL Nelson Muskegon 186 McLaughlin 3 1 X X X       $565.00 $617.00 $38,360.00 $526.38 $344.70 ALL McLaughlin Muskegon 248 Merrill 3 1.5 X X X   X   $500.00 $550.00 $35,560.00 $609.74 $319.54 ALL Nelson Muskegon 1089 Sophia 2 1 X X X X     $425.00 $550.00 $39,480.00 $531.01 $354.77 ALL McLaughlin Muskegon 763 Southern Ave. 3 1 X   X   X   $350.00 $500.00 $43,680.00 $669.91 $392.51 ALL Nims Muskegon 767 Southern Ave. 4 1 X   X       $575.00 $675.00 $45,920.00 $686.01 $412.64 ALL Nims Muskegon 1731 Terrace 2 1 X   X       $400.00 $500.00 $41,160.00 $699.53 $369.86 ALL Moon Muskegon 1846 Terrace 3 1 X X X       $665.00 $635.00 $57,680.00 $953.78 $518.31 ALL Moon Muskegon 247 Washington 5 2 X X X       $575.00 $750.00 $40,040.00 $1,074.57 $359.80 ALL Nelson Muskegon 249 Washington 3 1 X   X       $500.00 $550.00 $45,080.00 $697.96 $405.09 ALL Nelson Muskegon 3325 6th Street 2 1 X X X   X   $485.00 $565.00 $35,560.00 $801.62 $319.54 ALL Glendale Muskegon Hts. 3204 7th Street 4 1 X X X   X   $600.00 $700.00 $56,280.00 $871.44 $505.73 ALL Glendale Muskegon Hts. 3315 8th Street 3 1 X X X X X   $585.00 $555.00 $50,400.00 $2,818.30 $452.89 ALL Roosevelt Muskegon Hts. 3205 9th Street 2 1 X X         $465.00 $565.00 $45,080.00 $740.66 $405.09 ALL Roosevelt Muskegon Hts. 3325 Glendale 3 1.5 X X     X   $585.00 $650.00 $53,200.00 $606.41 $478.05 ALL Glendale Muskegon Hts. 3021 Hoyt 3 1 X   X     X $670.00 $670.00 $54,600.00 $953.93 $490.63 ALL Edgewood Muskegon Hts. 3028 Sanford 3 1 X X X X X   $550.00 $650.00 $56,280.00 $1,045.70 $505.73 ALL Glendale Muskegon Hts. 3237 Sanford 2 1 X       X   $390.00 $500.00 $33,320.00 $826.82 $299.41 ALL Glendale Muskegon Hts. 3233 Waalkes 3 1 X X     X   $550.00 $640.00 $36,960.00 $522.65 $332.12 ALL Roosevelt Muskegon Hts. 2933 Sanford 2 1.5 X   X X     $500.00 $575.00 $41,160.00 $706.84 $369.86 ALL Glendale Muskegon Hts. 3208 6th Street 2 1 X X X X     $485.00 $550.00 $37,520.00 $731.96 $337.15 ALL Glendale Muskegon Hts.                                   TOTAL - HOUSES                 $13,665.00 $15,747.00 $1,208,760.00 $22,432.34 $10,861.88                                         MASTER PROPERTY LIST  - Page 2 of 2 APARTMENTS                                 ADDRESS BEDS BATH LAUNDRY BASEMENT PORCH GARAGE FENCE DECK RENT SECT. 8 RENT SELLING PRICE TAXES - ANNUAL INSURANCE - ANNUAL W = Water  E = Electric    G = Gas  SCHOOL CITY 375 Houston #1 2 1 X X X       $400.00 $525.00 $57,680.00 $1,082.86 $518.31 W = $30 Nelson Muskegon 375 Houston #2 2 1 X X X       $415.00 $500.00 $0.00 $0.00 $0.00 0 Nelson Muskegon 86 Strong #1 2 1 X X         $485.00 $600.00 $52,920.00 $997.26 $475.54 G = $200 Nelson Muskegon 86 Strong #2 1 1           X $425.00 $500.00 $0.00 $0.00 $0.00 W = 30 Nelson Muskegon 114 Strong #2 2 1             $395.00 $450.00 $97,440.00 $1,862.40 $875.59 W = $60 Nelson Muskegon 114 Strong #3 1 1             $265.00 $350.00 $0.00 $0.00 $0.00 0 Nelson Muskegon 114 Strong #4 Eff 1           X $185.00 $200.00 $0.00 $0.00 $0.00 0 Nelson Muskegon 114 Strong #5 1 1           X $285.00 $400.00 $0.00 $0.00 $0.00 0 Nelson Muskegon 116 Strong 1 1     X       $425.00 $405.00 $0.00 $0.00 $0.00 0 Nelson Muskegon 1206 Terrace #1 (T/H) 2 1 X X X X     $625.00 $675.00 $91,560.00 $1,505.38 $822.76 G = $225 McLaughlin Muskegon 1206 Terrace #2 (T/H) 3 1.5 X X X X     $630.00 $700.00 $0.00 $0.00 $0.00 W = $40 McLaughlin Muskegon 2824 Baker #1 2 1 X X X       $435.00 $575.00 $68,040.00 $1,386.86 $611.41 E = $85 Edgewood Muskegon Hts. 2824 Baker #2 2 1 X X         $350.00 $600.00 $0.00 $0.00 $0.00 0 Edgewood Muskegon Hts. 1544 Terrace #1 2 1 X X X       $400.00 $525.00 $50,960.00 $802.86 $457.92 W = $40 McLaughlin Muskegon 1544 Terrace #2 1 1 X X X       $285.00 $400.00 $0.00 $0.00 $0.00 0 McLaughlin Muskegon 299 Mason #1 2 1 X   X       $395.00 $450.00 $48,160.00 $868.98 $432.76 W = $40 Nelson Muskegon 299 Mason #2 2 1 X   X       $345.00 $450.00 $0.00 $0.00 $0.00 0 Nelson Muskegon 331 Muskegon #1                 $485.00 $600.00 $150,920.00 $1,933.09 $1,356.16 W = $40 Nelson Muskegon 331 Muskegon #2                 $485.00 $600.00 $0.00 $0.00 $0.00 0 Nelson Muskegon                                   TOTAL APARTMENTS                 $7,715.00 $9,505.00 $617,680.00 $10,439.69 $5,550.45                                         GRAND TOTAL APARTMENTS & HOUSES:                 $21,380.00 $25,252.00 $1,826,440.00 $32,872.03 $16,412.33 $790.00         Place a Bid!

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