612, Douglas, Kalamazoo, MI, 49007
Basics
- Date added: Added 3 months ago
- Category: Multi-Family
- Type: 2 to 4 Units
- Status: Active
- Bathrooms: 0
- Lot size: 0.25 sq ft
- Year built: 1905
- Lot Size Acres: 0.25 acres
- County: Kalamazoo
- MLS ID: 24036572
Description
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Description:
Welcome to your next investment opportunity! This prime multifamily property, located conveniently close to K College and Western Michigan University, offers immense potential for both seasoned and new investors. Each of the four units is generously sized, providing comfortable living spaces that are sure to attract tenants. Perfect for students, professionals, or families, these units offer a mix of convenience and comfort.
With its prime location near two major educational institutions, the demand for rental units in this area is consistently high, maximizing your rental income potential. Enjoy peace of mind knowing that a brand-new roof will be installed in the summer of 2024, ensuring durability and reducing maintenance costs for years to come. The property includes ample parking parking spaces, a valuable feature that adds to the appeal for tenants who own vehicles.
This property is turnkey and ready for a new investor. Whether you're looking to expand your portfolio or make your first investment, this multifamily home offers ease of management and immediate rental income opportunities. Don't miss out on this exceptional property that combines prime location, strong rental demand, and excellent future prospects. Contact us today to schedule a viewing and take the first step towards your next successful investment!
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Location
- Directions: Kalamazoo to douglas to home on right
Building Details
- Number Of Units Total: 4
- Construction Materials: Wood Siding
- Sewer: Public Sewer
- Heating: Radiant
- Number Of Buildings: 1
- Basement: Michigan Basement
Amenities & Features
- Parking Total: 10
- Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Natural Gas Connected
- Fireplaces Total: 1
Fees & Taxes
- Tax Assessed Value: $133,980
- Tax Year: 2023
- Tax Annual Amount: $8,844.39
- Gross Income: $35,880
- Maintenance Expense: $2,650
- Insurance Expense: $2,870
- Manager Expense: $3,000
School Information
- High School District: Kalamazoo
Miscellaneous
- CrossStreet: North + Kalamazoo
- Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
- Listing Terms: VA Loan, FHA, Cash, Conventional
- Tenant Pays: None
