$500,000
Parchment, MI 49004
MLS# 25053684
1 / 10
Property Description
Solid brick 8-unit apartment building, fully occupied with on-site management. Each unit features 1 bed, 1 bath, private storage, and outdoor parking. Coin laundry for tenant convenience. Strong rental history and low-maintenance design make this a solid, income-producing investment opportunity.
Details
Maps
Location Property Info
County: Kalamazoo
Street #: 114
Street Direction: E
Street Name: Thomas
Suffix: Street
State: MI
Zip Code: 49004
Area: Greater Kalamazoo - K
OfficeContract Info
Status: Active
Current Price: $500,000
List Price: $500,000
Listing Date: 2025-10-17
General Property Info
Lot Measurement: Acres
Lot Square Footage: 13068
Lot Acres: 0.3
Lot Dimensions: 131 x 96 x 132 x 60
Year Built: 1960
New Construction: No
Road Frontage: 137
Total # Units: 8
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 5774
Total Parking Spaces: 8
Waterfront: No
School District: Parchment
Tax Info
Tax ID #: 0602140390
Taxable Value: 107318
SEV: 131600
For Tax Year: 2025
Seller's Annual Property Tax: 5422
Tax Year: 2025
Homestead %: 100
Spec Assessment & Ty: None Known
Remarks Misc
Directions: E. Michigan Ave to N Riverview DR. to E Thomas - on right.
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: 1
Occupied: Yes
Monthly Rent: 560
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2
Occupied: Yes
Monthly Rent: 560
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: 3
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: 4
Occupied: Yes
Monthly Rent: 560
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: 5
Occupied: Yes
Monthly Rent: 560
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 6
Unit Description: 6
Occupied: Yes
Monthly Rent: 560
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 7
Unit #: 7
Unit Description: 7
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Monthly Rent: 560
Unit 8
Unit #: 8
Unit Description: 8
Occupied: Yes
Monthly Rent: 560
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Brick
Roofing: Composition
Substructure: Walk-Out Access
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected
Util Avail at Street: Electricity Available
Owner Pays: Electricity; Sewer; Trash Collection; Water
Tenant Pays: Gas
Heat Source: Electric
Heat Type: Baseboard
Air Conditioning: None
Driveway: Gravel
Street Type: Paved
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Range/Oven; Refrigerator
Unit 5: Range/Oven; Refrigerator
Unit 6: Range/Oven; Refrigerator
Unit 7: Refrigerator; Range/Oven
Unit 8: Range/Oven; Refrigerator
Listing Office: Berkshire Hathaway HomeServices MI
Listing Agent: Susan Hernandez
Last Updated: December - 18 - 2025
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