219/223 E North Street
Kalamazoo, MI 49007

Description

10%+ Cap Rate 5 Unit Multi-family Opportunity! Effective Rental Income of just under $40,000. Coin Operated Washer & Dryer. In 2017 all new gas furnaces and water heaters were installed in 223 E. North Street. The separate utilities in all the units mean the owner does not pay for the cost of those utilities. This led to a greater net operating income for the owner. City Certified and all improvements permitted. All 5 units have been turned and gutted. Hard-wearing High-End flooring installed in all apartments. New kitchens, including granite counters, and bathrooms in all units. All these improvements make the property easier to lease.This 5-unit property is located on E. North Street, in the Riverview District Development Area making it attractive to tenants. There are 10+ parking spots

Details

MLS#19030556
Sub-TypeResale
StatusActive
Year1900
Days On Site22

Features

Units5
Building(s)2

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Area Information

StateMI
CountyKalamazoo
CityKalamazoo
Zip Code49007
AreaGreater Kalamazoo - K
Listing VS Median (in 49007)
Price:
$250,000
low | high
Med:
$20
100% of Average
On Site:
22
low | high
Med:
306
7.18954248366% of Average
Listing Updated: 07/23/2019
MLS Number: 19030556
Listing Provided By:
Will Howson  of  United Country - Michigan Lifestyle Properties Gull Lake Realty
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