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Bailey Walsh

baileywalsh@epique.me +1(734) 417-2998

$ 199,888

Est. payment | -/mo

6,098 Sqft Lot

Save

$ 199,888

Est. payment | -/mo

Save

6,098 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Kalamazoo City

MLS Listing ID 26029550

Year Built 1912

Annual Tax Amount $5,074

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50*120

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Turnkey 3-unit investment property in the desirable Milwood neighborhood of Kalamazoo. All three units have been fully renovated within the last 4 years with updated kitchens, bathrooms, and finishes throughout. Rents have been significantly increased from prior ownership, growing from a combined $2,010 per month to $2,589 per month gross, representing 29% rent growth with $31,068 in annual gross income. The value-add work still to be done would be splitting utilities and further increasing rents. Each unit is one bedroom and one bath. Owner pays water, gas/electric, trash, landscaping, and snow removal. Plenty of parking is available with one assigned space per unit. Current rents are Unit 1 at $849, Unit 2 at $900, and Unit 3 at $840. All units are occupied with leases in place. This is a stabilised, income-producing asset in a desirable area with modern interiors and strong rent history. Ideal for those looking for immediate cash flow. Gas/Electric = $407/mo Water/sewer $75/mo.

Location

State MI

County Kalamazoo

Direction Take E Cork Street East from Portage Rd

Rooms

Basement Full

Interior

Heating Forced Air

Exterior

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

View Y/N No

Total Parking Spaces 6

Building

Sewer Public Sewer

Structure Type Vinyl Siding,Wood Siding

New Construction No

Schools

School District Kalamazoo

Others

Tax ID 06-26-474

Acceptable Financing VA Loan, MSHDA, FHA, Cash, Conventional, Tax Def Exchange

Listing Terms VA Loan, MSHDA, FHA, Cash, Conventional, Tax Def Exchange

Listed by Coldwell Banker Realty

Nearby Locations

I'd love to help you on your search to finding the perfect home! No matter where you're at in the process - don't hesitate to reach out!

+1(734) 417-2998

baileywalsh@epique.me

2455 W Stadium Blvd, Ann Arbor, MI, 48103, USA

3116 N Whittier Drive Kalamazoo, MI 49001