$120,000
Kalamazoo, MI 49007
MLS# 25053275
Status: Pending
1 / 16
Property Description
Land Contract Option Available with as little as $15,000 down! Get a cashflow property that is currently city certified to start or expand to your current rental portfolio. Two 2 Bed, 1 Bath units with the downstairs being slightly larger. Tenants can be in place before purchase.
Details
Maps
Location & Property Info
Cross Streets: Paterson + Norway
Property Sub-Type: 2 to 4 Units
Area: Greater Kalamazoo - K
Municipality: Kalamazoo City
Subdivision: Fletchers Addition
Ownership Type: Corporate Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 80.21
General Property Info
New Construction: No
Lot Dimensions: 33x115.5
Financial Available: Yes
Road Frontage: 33
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2027-06-01
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1496
Total Parking Spaces: 0
School District: Kalamazoo
Lot Measurement: Acres
Lot Square Footage: 3920
Lot Acres: 0.09
Year Built: 1905
Tax Info
Taxable Value: 37837
SEV: 45600
For Tax Year: 2025
Seller's Annual Property Tax: 2718
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: NK
Tax ID #: 06-15-101-016
Remarks & Misc
Public Remarks: Land Contract Option Available with as little as $15,000 down! Get a cashflow property that is currently city certified to start or expand to your current rental portfolio. Two 2 Bed, 1 Bath units with the downstairs being slightly larger. Tenants can be in place before purchase.
Legal: 20540 FLETCHERS ADDITION, LIBER 2 OF PLATS PAGE 23; THE SOUTH 1/2 OF THE WEST 7 RODS OF LOT 16.
Waterfront Options
Water Access Y/N: No
Lot Description
Sidewalk: 1
Income and Expenses
Annual Insurance: 591
Annual Maintenance: 493
Annual Mgmt. Fees: 458
Annual Utilities: 5561
Operating Expense: 7103
Street Type
Public: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Land Contract: 1
Land Contract Down Payment: 15000
Land Contract Interest Rate: 10
Land Contract Monthly Payment: 92145
Land Contract Terms (# Months): 60
Mineral Rights
Unknown: 1
Laundry Features
Main Level: 1
Exterior Material
Aluminum Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Trash: 1
Driveway
None: 1
Substructure
Crawl Space: 1
Michigan Basement: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: 2 bedrooms
Occupied: No
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: 1 bedroom
Occupied: No
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kalamazoo
Street #: 1208
Street Name: Princeton
Suffix: Avenue
State: MI
Zip Code: 49007
Zip (4): 3466
OfficeContract Info
Status: Pending
Current Price: $120,000
List Price: $120,000
Listing Date: 2025-10-16
Status Change Info
Under Contract Date: 2025-12-13
Property Features
Laundry Features: Main Level
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Crawl Space; Michigan Basement
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Electricity; Gas; Sewer; Water
Tenant Pays: Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: None
Street Type: Public
Mineral Rights: Unknown
Terms Available: Land Contract
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Listing Office: NextHome ONE of Kalamazoo
Listing Agent: Zac L Folsom
Last Updated: March - 24 - 2026
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