1710 E G Avenue

Parchment, Michigan 49004

  • 3 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.86
    Acre(Lot)
$1,600,000

Description

This 16-unit multi-family property, located just outside kalamazoo in the thriving parchment community, presents a prime opportunity for cash flow and long-term growth. the property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. recent improvements include a resurfaced parking lot, new roof, boiler, and ac units, ensuring low maintenance and minimal future capital expenditures. conveniently located near parchment high school, elementary school, and major manufacturing companies, the property offers easy access to gull road and nearby shopping.this is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability.

  • Property Type

    Multifamily

  • County

    Kalamazoo

  • Style

    Multifamily

  • AD ID

    47460038

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Property Details

  • Interior Features

    • Roof : Composition

    Heating & Cooling

    • Cooling: Wall Unit(s)
    • Heating: Baseboard,Hot Water
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1973
    • Total Units: 16
    • Roof: Composition

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.86
    • Dimensions: 0 X 0

    Property Information

    • Financing: Assumable (Asm-Lend App),Cash,Other

  • Listing Price Information

    • Original List Price: $1,950,000

    Listing Information

    • Possession: At Close
    • Legal Description: SEC 2-2-11 BEG IN N LI 498.46 FT ELY OF N1/4 POST TH N 89-51'-10'' E 96.42 FT TH S 0-10'-28'' W 124 FT TH S 29-49' -32'' E 53.52 FT TH N 89-51'-10'' E 41.94FT TH S 0-10'-28'' W 129.57 FT TH S 89-51'-10'' W 165.01 FT TH N 0-10'-28'' E 300.18 FT TO BEG

  • Tax Information

    • Annual Tax: $16,700
    • Parcel Number: 0602201040

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: SEC 2-2-11 BEG IN N LI 498.46 FT ELY OF N1/4 POST TH N 89-51'-10'' E 96.42 FT TH S 0-10'-28'' W 124 FT TH S 29-49' -32'' E 53.52 FT TH N 89-51'-10'' E 41.94FT TH S 0-10'-28'' W 129.57 FT TH S 89-51'-10'' W 165.01 FT TH N 0-10'-28'' E 300.18 FT TO BEG

  • Parking Information

    • Parking: 32

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 1

    Unit 2 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 04/06/2025 @ 22:53

  • MLS: 618057069
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 3 bedrooms which is for sale, it has 0 sqft, 1 sized lot, and 0 parking. are nearby neighborhoods.