Description
Rare 16 unit multi-family property offering a fantastic investment opportunity. gross market rents of around $18,000 a month. there are 11 units with 2 bedroom and 1 bath and 5 units with 1bedroom, 1 bath. this property has an assumable mortgage at an interest rate well below current market rates providing a great cash flow opportunity. the majority of the units have interiors that have been recentlyrenovated. the property is conveniently located near parchment high school and elementary school along with numerous manufacturing companies and easy access to gull road. don't miss out!
Property Type
MultifamilyCounty
KalamazooStyle
MultifamilyAD ID
49182213
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Property Details
-
Interior Features
Interior Features
- Roof : Composition
Heating & Cooling
- Cooling: Wall Unit(s)
- Heating: Baseboard,Hot Water
- Heating Fuel: Natural Gas
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Exterior Features
Building Information
- Year Built: 1973
- Total Units: 16
- Roof: Composition
Utility Features
- Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street
Water
- Other
-
Property / Lot Details
Lot Information
- Lot Size: 0.86
- Dimensions: 0x0
Property Information
- Financing: Assumable (Asm-Lend App),Cash,Other
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Listing Information
Listing Price Information
- Original List Price: $1,600,000
Listing Information
- 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 41.94 FT 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
-
Taxes / Assessments
Tax Information
- Annual Tax: $12,534
- Parcel Number: 0602201040
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 41.94 FT 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
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking: 32
Multi-Unit Information
- Road Frontage: Paved
Unit 1 Information
- # of Bedrooms: 1
Unit 2 Information
- # of Bedrooms: 1
-
School, Utilities & Location Details
Utility Information
- Water:Other
- Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 04/05/2025 @ 01:35
- MLS: 624852212
- 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.