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Melissa Emery

melissa@realtorsinmichigan.com +1(616) 450-2586

$199,888

Est. payment - /mo

6,098 Sqft Lot

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UPDATED:

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

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Listed by Coldwell Banker Realty

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Melissa Emery

+1(616) 450-2586

Agent | License ID: 6501427396

Agent License ID: 6501427396

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3116 N Whittier Drive Kalamazoo, MI 49001

Melissa Emery

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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3116 N Whittier Drive