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Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70518916
Sold Date 05/21/26
Year Built 1885
Annual Tax Amount $7,438
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 64x103
Property Sub-Type Multi-Family
Property Description
Located in one of Kalamazoo's most desirable rental corridors, this fully leased 6-unit investment property sits directly across the street from Kalamazoo College and within walking distance to Downtown Kalamazoo, making it an ideal location for students and young professionals alike. The property features a diverse unit mix consisting of two 2-bedroom apartments, one 1-bedroom unit, and three studio units, providing strong rental demand and diversified income streams. The building is fully occupied and currently generating $4,905 per month in gross rental income, offering investors immediate cash flow from day one. Significant capital improvements have already been completed, including a new boiler installed in 2026, updated electrical systems, and recent paint and flooring updates throughout the property. Additional value-add features include a newly installed coin-operated laundry room, providing a convenient amenity for tenants while generating additional income for ownership. With
Location
State MI
County Kalamazoo
Area Kalamazoo (39022)
Interior
Heating Steam
Exterior
Exterior Feature Wood
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Wood
Schools
School District Kalamazoo Public School District
Others
Energy Description Natural Gas
Acceptable Financing Other
Listing Terms Other
Financing Cash,Conventional
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Christopher Parker
Broker Associate | License ID: 164141; 6506049280
Broker Associate License ID: 164141; 6506049280




