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$ 365,000
Est. payment /mo
Active
908 S Park ST Kalamazoo City, MI 49001
3,239 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,239 sqft
Price per Sqft $112
MLS Listing ID 65026046705
Year Built 1912
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type MultiFamily
Property Description
Two historic buildings, one turnkey income stream near downtown Kalamazoo. Built in 1912, six fully-occupied units (four 2-bed, two 1-bed) sit walking distance to WMU, Kalamazoo College, and Bronson Hospital, right on the bus line -- a tenant mix that spans students, hospital staff, and young professionals. Sold at $375,000 -- roughly $62,500/door, a basis that leaves room for long-term rent growth. Tenants cover gas and electric; owner pays only water. Shared coin-op laundry adds ancillary income. Separate heat systems per unit isolate maintenance and reduce turnover friction, while public water/sewer and paved off-street parking keep upkeep low. A clean, cash-flowing asset in one of Kalamazoo's most consistently rentable pockets.
Location
State MI
County Kalamazoo
Area Area39062Kalamazoo
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Fireplace No
Laundry CommonArea
Exterior
Parking Features Paved
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Kalamazoo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Kyle J Kimble of MOXIE Real Estate + Development